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) and (c) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(Amendment No. 8)*
PRESSTEK, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
741113 10 4
(CUSIP Number)
* 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).
Page 1 of 5 pages
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CUSIP No. 741113 10 4 13G
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (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
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 2,548,588 as of 12/31/97 (includes options to purchase
SHARES 100,000 shares)
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6. SHARED VOTING POWER
EACH 90,284 as of 12/31/97
REPORTING --------------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH 2,548,588 as of 12/31/97 (includes options to purchase
100,000 shares)
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
90,284 as of 12/31/97
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,638,872 shares as of 12/31/97 (total of 2,538,872 shares plus 100,000
shares issuable upon exercise of immediately exercisable options)
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13G
Item 1(a). Name of Issuer:
Presstek, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
8 Commercial Street
Hudson, N.H. 03051
Item 2(a). Name of Person Filing:
Dr. Lawrence Howard
Item 2(b). Address of Principal Business Office Or, If None,
Residence:
Hudson Partners, LP
660 Madison Avenue
New York, New York 10021
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
741113 10 4
Item 3. If this statement is filed pursuant to Rules 13d- 1(b) or
13d-2(b), check whether the person filing is a:
(a)-(h): Not applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned: 2,638,872 shares of Common Stock
as of December 31, 1997, including 2,403,588 shares owned by Dr.
Howard, 35,000 shares owned by Dr. Howard's wife, 55,284 shares
owned by Dr. Howard's wife as custodian for Dr. Howard's
children, 45,000 shares owned by Dr. Howard as custodian for his
children and 100,000 shares which may be purchased by Dr. Howard
pursuant to currently exercisable options. All share amounts
(including shares issuable upon exercise of options) have been
adjusted to reflect the effect of a 2-1 split of the Issuer's
common stock effected in the form of a dividend of one
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share of common stock for each share of common stock held by
holders of record of common stock on June 12, 1997. The stock
dividend was paid on July 7, 1997.
(b) Reference is made to Items Nos. 5-9 and 11 of the Cover
Sheet. Calculation of percentage of beneficial ownership is
based on 31,951,419 shares of the Issuer's Common Stock
outstanding on December 31, 1997.
(c) Reference is made to Items Nos. 5-9 and 11 of the Cover
Sheet.
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 Holding
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.
Page 4 of 5 pages
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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: February 12, 1998 Signature: /s/ Dr. Lawrence Howard
------------------------
Name/Title: Dr. Lawrence Howard
Page 5 of 5 pages
