<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5 )*
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LASERMASTER TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK
----------------------
(Title of Class of Securities)
517919 10 6
---------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing persons: (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 page(s))
Page 1 of 4 Pages
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<TABLE>
<CAPTION>
CUSIP No. 517919 10 6 13G Page 2 of 4 Pages
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<C> <S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Melvin L. Masters
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 634,000
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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6 SHARED VOTING POWER
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7 SOLE DISPOSITIVE POWER
634,000
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
634,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(S) EXCLUDES CERTAIN SHARES
X Excludes 1,441,350 shares obligated to vote for Mr. Masters
pursuant to stock restriction agreements.
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.6%
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12 TYPE OF REPORTING PERSON*
IN.
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</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of 4 Pages
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Item 1(a): Name of Issuer
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LASERMASTER TECHNOLOGIES, INC.
Item 1(b): Address of Issuer's Principal Executive Offices
- ---------- -----------------------------------------------
7156 Shady Oak Road
Eden Prairie, MN 55344
Item 2(a): Name of Person Filing
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Melvin L. Masters
Item 2(b): Address of Principal Business Office
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7156 Shady Oak Road
Eden Prairie, MN 55344
Item 2(c): Citizenship
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United States
Item 2(d): Title of Class of Securities
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COMMON STOCK
Item 2(e): CUSIP Number
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517919 10 6
Item 3: If this statement is filed pursuant to Rule 13d-1(b) or
- ------- -------------------------------------------------------
13d-2(b), check whether person filing is a:
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Not Applicable
Item 4: Ownership
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(a) Amount Beneficially owned 634,000
(b) Percent of class 5.6%
(c) Number of shares such person has:
(i) Sole voting power 634,000
(ii) Shared voting power -0-
(iii) Sole power to dispose or direct 634,000
(iv) Shared power to dispose or direct -0-
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Page 4 of 4 Pages
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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
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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
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Not Applicable
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 8, 1996
/s/ Melvin L. Masters
- ------------------------------------
(signature)
Melvin L. Masters
- ------------------------------------
(name printed/title)
