PRESSTEK INC /DE/
SC 13D, 1997-02-25
PRINTING TRADES MACHINERY & EQUIPMENT
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  SCHEDULE 13D

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. )*


                                 PRESSTEK, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                     COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                 741113  10  4
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                            RUSSELL H. HARBAUGH, JR.
                  CONNER & WINTERS, A PROFESSIONAL CORPORATION
                   2400 FIRST PLACE TOWER, 15 EAST 5TH STREET
                                TULSA, OK 74103
                                 (918) 586-5694
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                                Communications)

                               OCTOBER 29, 1996
- --------------------------------------------------------------------------------
            (Date of Event which Requires Filing of this Statement)

  If the filing person has previously filed a statement on Schedule 13G to
  report the acquisition which is the subject of this Schedule 13D, and is
  filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
  box [_].

  NOTE:  Six copies of this statement, including all exhibits, should be filed
  with the Commission.  See Rule 13d-1(a) for other parties to whom copies are
  to be sent.

  *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>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 2 OF 7 PAGES
            ------------- 
- ------------------------------------------------------------------------------- 
1       NAME OF REPORTING PERSON
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
         
        THOMAS E. OXLEY
- ------------------------------------------------------------------------------- 
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
        (a)  [ ]
        (b)  [ ]
 -------------------------------------------------------------------------------
3       SEC USE ONLY
 
- --------------------------------------------------------------------------------
4       SOURCE OFFUNDS
 
        WC;00
- ------------------------------------------------------------------------------- 
5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
        ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION 

        U.S.A.
- ------------------------------------------------------------------------------
  NUMBER OF             7       SOLE VOTING POWER
                                    
    SHARES                      -0-
                        ------------------------------------------------------
  BENEFICIALLY          8       SHARED VOTING POWER
                  
    OWNED BY                    806,700
                        ------------------------------------------------------
      EACH              9       SOLE DISPOSITIVE POWER
                  
   REPORTING                    -0-
                        ------------------------------------------------------
     PERSON             10      SHARED DISPOSITIVE POWER
                  
      WITH                      806,700
- ------------------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
        806,700
- ------------------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
- ------------------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
        5.2%
- ------------------------------------------------------------------------------
14      TYPE OF REPORTING PERSON
 
        IN
- ------------------------------------------------------------------------------
<PAGE>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 3 OF 7 PAGES
            ------------- 

                          ITEM 1. SECURITY AND ISSUER
                          ---------------------------

       This Schedule 13D relates to the Common Stock, par value $.01 per share
  of Presstek, Inc., a Delaware corporation (the "Company") whose principal
  executive offices are located at 8 Commercial Street, Hudson, New Hampshire
  03051.


                        ITEM 2. IDENTITY AND BACKGROUND
                        -------------------------------

       (a)  Name:   Thomas E. Oxley

       (b)  Business Address:  One West 3rd Street
                               Williams Center Tower I
                               Suite 1305
                               Tulsa, OK 74103

       (c)  Present Principal Occupation:  Mr. Oxley is an officer of Boca Polo,
       Inc., a Nevada corporation ("Boca Polo"), and a private investor.
 
       (d)  Mr. Oxley has not, during the last five years, been convicted in a
       criminal proceeding.

       (e)  Mr. Oxley has not, during the last five years, been a party to a
       civil proceeding of a judicial or administrative body of competent
       jurisdiction and as a result of such proceeding was or is subject to a
       judgment, decree or final order enjoining future violations of, or
       prohibiting or mandating activities subject to, federal or state
       securities laws or finding any violation with respect to such laws.

       (f)  Citizenship:  U.S.A.


           ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
           ---------------------------------------------------------

       This Schedule 13D covers 750,700 shares of Common Stock held by the
  estate of John T. Oxley (the "Oxley Estate"), of which Mr. Oxley is a Co-
  Executor, and 56,000 shares of Common Stock held of record by Boca Polo.  Mr.
  Oxley is a director and owner of 50% of the outstanding shares of Boca Polo.

       The shares of Common Stock currently held in the Oxley Estate was
  previously reported on the Schedule 13D of John T. Oxley, as amended from time
  to time.  The shares of Common Stock reported to be owned by Boca Polo were
  acquired in the open market out of working capital at an aggregate cost of
  $1,198,508.
<PAGE>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 4 OF 7 PAGES
            ------------- 

                        ITEM 4. PURPOSE OF TRANSACTION
                        ------------------------------

       The shares of Common Stock reported to be owned by Mr. Oxley have all
  been acquired for investment purposes.  With respect to the investment in the
  Common Stock, Mr. Oxley does not have any present intentions or plans which
  relate to or would result in:

       (a) The acquisition of additional securities of the Company or the
       disposition of securities of the Company, other than additional shares
       which may be purchased from time to time on the open market or through
       private purchases solely for investment purposes;

       (b) An extraordinary corporate transaction, such as a merger,
       reorganization of liquidation, involving the Company or any of its
       subsidiaries;

       (c) A sale or transfer of a material amount of assets of the Company or
       any of its subsidiaries;

       (d) Any change in the present Board of Directors or management of the
       Company, including any plans or proposals to change the number or term of
       directors or to fill any existing vacancies on the Board;

       (e) Any material change in the present capitalization or dividend policy
       of the Company;

       (f)  Any other material change in the Company's business or corporate
       structure;

       (g) Changes in the Company's charter, bylaws or instruments corresponding
       thereto or other actions which may impede the acquisition of control of
       the Company by any person;

       (h) Causing a class of securities of the Company to be delisted from a
       national securities exchange or to cease to be authorized to be quoted on
       an inter-dealer quotation system of a registered national securities
       association;

       (i) A class of equity securities of the Company becoming eligible for
       termination of registration pursuant to Section 12(g)(4) of the
       Securities Exchange Act of 1934, as amended (the "Exchange Act"); or

       (j)  Any action similar to those enumerated above.


                  ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
                  --------------------------------------------

       (a)  By reason of (i) his serving as a Co-Executor of the Oxley Estate
       and (ii) his being a 50% owner and director of Boca Polo, Mr. Oxley may
       be deemed to be the beneficial owner of 806,700 shares of Common Stock of
       the Company, representing approximately 5.2% of the outstanding shares of
       Common Stock (based on 15,416,000 shares of Common Stock being
       outstanding as of October 29, 1996). Pursuant to Rule 13d-4 promulgated
       under the Exchange
<PAGE>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 5 OF 7 PAGES
            ------------- 

       Act, Mr. Oxley disclaims beneficial ownership of all shares of Common
       Stock held by the Oxley Estate.

       (b) Mr. Oxley has shared voting power and shared dispositive power with
       respect to the aggregate 806,700 shares held by the Oxley Estate and Boca
       Polo.

           With respect to the shares held by the Oxley Estate, Mr. Oxley
       shares voting and dispositive powers with John C. Oxley and Charles C.
       Killin.  Certain information with respect to John Oxley and Mr. Killin is
       set forth below:

           (1)  John C. Oxley
                -------------

                (i)   Business Address:  Suite 1300
                                         Williams Center Tower I
                                         One West Third
                                         Tulsa, Oklahoma  74103

                (ii)  Present Principal Occupation:  Mr. John Oxley is
                      primarily engaged in the business of exploration,
                      production and operation of oil and gas properties.

                (iii) Mr. John Oxley has not, during the last five years,
                      been convicted in a criminal proceeding.

                (iv)  Mr. John Oxley has not, during the last five years, been
                      a party to a civil proceeding of a judicial or
                      administrative body of competent jurisdiction and as a
                      result of such proceeding was or is subject to a judgment,
                      decree or final order enjoining future violations of, or
                      prohibiting or mandating activities subject to, federal or
                      state securities laws or finding any violation with
                      respect to such laws.

                (v)   Citizenship:  U.S.A.
 
           (2)  Charles C. Killin
                -----------------

                (i)   Business Address:  15 East 5th Street, Suite 2400
                                         Tulsa, OK 74103

                (ii)  Present Principal Occupation:  Mr. Killin is an attorney
                      associated with the law firm Conner & Winters, A
                      Professional Corporation, Tulsa, Oklahoma.

                (iii) Mr. Killin has not, during the last five years, been
                      convicted in a criminal proceeding.
<PAGE>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 6 OF 7 PAGES
            ------------- 

                (iv)  Mr. Killin has not, during the last five years, been a
                      party to a civil proceeding of a judicial or
                      administrative body of competent jurisdiction and as a
                      result of such proceeding was or is subject to a judgment,
                      decree or final order enjoining future violations of, or
                      prohibiting or mandating activities subject to, federal or
                      state securities laws or finding any violation with
                      respect to such laws.

                (v)   Citizenship:  U.S.A.

           With respect to the shares of Common Stock held by Boca Polo, Mr.
       Oxley shares voting and dispositive powers with John C. Oxley.  Certain
       information with respect to Mr. John Oxley has been provided above.

       (c)  Within the sixty days preceding the date of this Schedule 13D, there
       have been no transactions with respect to the Common Stock.

       (d)  N/A

       (e)  N/A

                  ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
                  --------------------------------------------------
                  RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
                  ------------------------------------------------------

       None.

                  ITEM 7.  MATERIAL TO BE FILED AS EXHIBITS
                  -----------------------------------------

       None.
<PAGE>
 
                                  SCHEDULE 13D
CUSIP NO.   741113  10  4                                      PAGE 7 OF 7 PAGES
            ------------- 


                                   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.


 
                                        /s/ THOMAS E. OXLEY
                                        ----------------------------------------
                                          THOMAS E. OXLEY

  Date:  FEBRUARY 20, 1997


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