LASERMASTER TECHNOLOGIES INC
SC 13G/A, 1997-12-12
PRINTING TRADES MACHINERY & EQUIPMENT
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<PAGE>
 
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  SCHEDULE 13G



                  Under the Securities Exchange Act of 1934
                             (Amendment No. 5 )*
                                           ---

                       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 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 page(s))

                                                 Page 1 of 4 Pages
<PAGE>
 
- ------------------------                                  ---------------------
  CUSIP NO.  517919 10 6         13G                        PAGE 2 OF 4 PAGES
- ------------------------                                  ---------------------
 
- ------------------------------------------------------------------------------
      NAME OF REPORTING PERSON
 1    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
                                                                                
      Lawrence J. Lukis    
                          
- ------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
 2                                                              (a) [_]
                                                                (b) [_]
                                                 
- ------------------------------------------------------------------------------
      SEC USE ONLY
 3
 

- ------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4                                 
      United States

- ------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5                                                       
     NUMBER OF            
                          1,003,222
      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6       
                          163,000
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7       
    REPORTING             1,003,222
 
      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8       
                          163,000
- ------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9                           
      1,166,222
- ------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10           
                                                                    [_]
 
- ------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11           
                                                                         
      8.01%
- ------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON*
12           
      IN.

- ------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
 
                                                             Page 3 of 4 Pages


Item 1(a)      Name of Issuer:

               LASERMASTER TECHNOLOGIES, INC.

Item 1(b)      Address of Issuer's Principal Executive Offices:

               7090 Shady Oak Road
               Eden Prairie, MN 55344

Item 2(a)      Name of Person Filing:

               Lawrence J. Lukis
                
Item 2(b)      Address of Principal Business Office:

               7090 Shady Oak Road
               Eden Prairie, MN 55344
             
Item 2(c)      Citizenship:

               United States
             
Item 2(d)      Title of Class of Securities:

               COMMON STOCK             

Item 2(e)      CUSIP Number:

               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:

               Not Applicable

Item 4.        Ownership:

               (a) Amount Beneficially Owned:  166,222
             
               (b) Percent of Class:  8.01%
                         
               (c) Number of shares such person has:

                    (i)   sole voting power   1,003,222
                         
                    (ii)  shared power to vote or to direct the vote   163,000

                    (iii) sole power to dispose or direct   1,003,222

                    (iv)  shared power to dispose or direct   163,000
<PAGE>
 
                                                             Page 4 of 4 Pages

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


                                  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:  December 11, 1997

/s/ Lawrence J. Lukis
- ----------------------------------
         (signature)

Lawrence J. Lukis
- ----------------------------------
    (name printed/title)


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