<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Baldwin Technology Company, Inc.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
058264-10-2
(CUSIP Number)
Check the following box if a fee is being paid with this statement
(A fee is not required only if the filing person: (1) has a
previous statement on file reporting beneficial ownership of
more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7).
*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 the disclosures provided
in a prior cover page.
The information required in 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).
(Continued on following pages)
1 <PAGE>
<PAGE>
_________________________________________________________________
CUSIP No. 058264-10-2 13G
_________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WENDELL M. SMITH - S.S. ####-##-####
_________________________________________________________________
(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
_________________________________________________________________
: (5) SOLE VOTING POWER
NUMBER OF : 1,335,217 shares (ITEM 4)
SHARES :
BENEFICIALLY :__________________________________________
OWNED BY : (6) SHARED VOTING POWER
EACH : NONE
REPORTING :
PERSON :____________________________________________
WITH : (7) SOLE DISPOSITIVE POWER
: 1,335,217 shares (ITEM 4)
:
:____________________________________________
: (8) SHARED DISPOSITIVE POWER
: NONE
:
_______________________________________________________________
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,335,217 shares (ITEM 4)
_________________________________________________________________
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* (*) 14,400 shares owned by Margaret Smith, wife of
Reporting Person, as to which shares Mr. Smith disclaims
beneficial ownership.
_________________________________________________________________
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
APPROXIMATELY 8.1%
_________________________________________________________________
(12) TYPE OF REPORTING PERSON*
INDIVIDUAL
_________________________________________________________________
* SEE INSTRUCTIONS BEFORE FILLING OUT!
2 PAGE
<PAGE>
Item 1(a) Name of Issuer:
Baldwin Technology Company, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
65 Rowayton Avenue, Rowayton, CT 06853
Item 2(a) Name of Person Filing:
Wendell M. Smith
Item 2(b) Address of Principal Business Office or, if none,
residence:
c/o Baldwin Technology Company, Inc.
65 Rowayton Avenue
Rowayton, CT 06853
Item 2(c) Citizenship:
U.S.
Item 2(d) Title of Class of Securities:
Class A Common Stock
Item 2(e) CUSIP Number:
058264-10-2
Item 3. Not Applicable. The person filing this Amendment is
not an entity listed in this Item.
Item 4. Ownership:
(a) As of December 31, 1993, Mr. Wendell M. Smith is
deemed to be the beneficial owner of 1,335,217
shares of Class A Common Stock of the Issuer,
including 11,134 shares owned directly; 813,334
shares owned by Polestar Corp., Polaris Corp., and
Polestar Ltd., (all the outstanding capital stock
of these corporations are owned, beneficially and
of record, by Mr. Smith); 4 shares held for Mr.
Smith in the Stock Bonus Fund of the Profit
Sharing and Savings Plan of the Issuer; 396 shares
held for Mr. Smith in the Company Stock
3 <PAGE>
<PAGE>
Fund of the Profit Sharing and Savings Plan of the
Issuer; 24,000 shares which he has a right to
receive upon conversion of 24,000 shares of Class
B Common Stock of the Issuer; 449,683 shares which
he has a right to receive upon conversion of
449,683 shares of Class B Common Stock of the
Issuer (said shares are beneficially owned by
Polestar Corp. and Polestar Ltd.); 20,000 shares
which Mr. Smith has the right to acquire upon the
exercise of stock options which are exercisable
within 60 days; and 16,666 shares which he has a
right to receive upon exercise of stock options
and conversion of 16,666 shares of stock options
to purchase Class B Common Stock, which are
exercisable within 60 days. The foregoing amount
does not include 14,400 shares of Class A Common
Stock owned by Mr. Smith's spouse, as to which
shares Mr. Smith disclaims beneficial ownership.
(b) Percent of Class: 8.1%
(c) Mr. Wendell M. Smith has sole power to vote,
dispose and direct the disposition of all
1,335,217 shares which he beneficially owns.
Item 5. Ownership of Five Percent or Less of a Class. Not
Applicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Company. Not Applicable
Item 8. Identification and Classification of Members of the
Group. Not Applicable
Item 9. Notice of Dissolution of Group. Not Applicable
Item 10. Certification. Not Applicable
4 PAGE
<PAGE>
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.
February 10, 1994 /s/ Wendall M. Smith
_____________________________
Wendell M. Smith
5 <PAGE>
