SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. )1
HOWTEK, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
443209 10 1
(CUSIP Number)
May 12, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
- ----------
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 Pages
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CUSIP No. 443209 10 1 13G Page 2 of 5 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Dr. Lawrence Howard
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
732,225 (includes 5,263 shares issuable upon conversion of a
SHARES $100,000 principal amount debt instrument of the Issuer)
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY -0-
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
732,225 (includes 5,263 shares issuable upon conversion of a
PERSON $100,000 principal amount debt instrument of the Issuer)
_________________________________________________________________
REPORTING 8. SHARED DISPOSITIVE POWER
WITH -0-
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,225 (includes 5,263 shares issuable upon conversion of a $100,000
principal amount debt instrument of the Issuer)
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 Pages
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CUSIP No. 443209 10 1 13G Page 3 of 5 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer:
HOWTEK, INC.
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
21 Park Avenue
Hudson, NH 03051
________________________________________________________________________________
Item 2(a). Name of Person Filing:
This Schedule 13G is filed on behalf of Dr. Lawrence Howard (the "Reporting
Person").
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
c/o Hudson Venture Partners, L.P.
660 Madison Avenue
14th Floor
New York, NY 10021
________________________________________________________________________________
Item 2(c). Citizenship:
The Reporting Person is a United States citizen.
________________________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock
________________________________________________________________________________
Item 2(e). CUSIP Number:
443209 10 1
________________________________________________________________________________
Item 3.
(a) - (j): Not Applicable
This statement is being filed pursuant to Rule 13d-1(c).
________________________________________________________________________________
Item 4. Ownership.
(a) Amount Beneficially Owned:
The Reporting Person beneficially owns 732,225 shares of Common Stock,
which amount includes (i) 709,462 shares owned directly, (ii) 5,263
shares issuable upon conversion of $100,000 principal amount debt
instrument of the Issuer; (iii) 8,500 shares owned by Kathryn Howard,
a minor child of the Reporting Person; (iv) 8,500
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CUSIP No. 443209 10 1 13G Page 4 of 5 Pages
________________________________________________________________________________
shares owned by Genna Howard, a minor child of the Reporting Person;
and (v) 500 shares owned by Benjamin Howard, a minor child of the
Reporting Person. The Reporting Person is deemed the beneficial owner
of the 17,500 shares identified in (iii), (iv) and (v) above by reason
of his relationship as the custodian of the shares owned of record by
Kathryn Howard, Genna Howard and Benjamin Howard.
________________________________________________________________________________
(b) Percent of Class:
6.8% beneficially owned by the Reporting Person based upon 10,760,206
shares of Common Stock outstanding on October 1, 1998.
________________________________________________________________________________
(c) Number of shares as to which the Reporting Person has:
(i) sole power to vote or to direct the vote:
732,225 (includes 5,263 shares issuable upon conversion of a
$100,000 principal amount debt instrument of the Issuer)
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
732,225 (includes 5,263 shares issuable upon conversion of a
$100,000 principal amount debt instrument of the Issuer)
(iv) shared power to dispose or to direct the disposition of:
-0-
________________________________________________________________________________
Items 5-9. Not Applicable
________________________________________________________________________________
Item 10. By signing below the undersigned certifies that, to the best of his
knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with effect to
changing or influencing the control of the issuer of such securities
and were not
Page 4 of 5 Pages
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acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: October 6, 1998
/s/ Dr. Lawrence Howard
-----------------------
DR. LAWRENCE HOWARD
Page 5 of 5 Pages
