VITAL SIGNS INC
SC 13G/A, 1998-02-10
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934

                               (Amendment No. 5 )*




                                VITAL SIGNS, INC.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    928469105
- --------------------------------------------------------------------------------
                                 (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>




                               CUSIP NO. 928469105
- --------------------------------------------------------------------------------

(1)  Names  of  Reporting  Persons.   I.R.S.   Identification  Nos.  of  Above  
     Persons  (entities only):  Terence D. Wall
- --------------------------------------------------------------------------------

(2)     Check the Appropriate Box if a Member of a Group (See Instructions)
        (a)                            (b)
- --------------------------------------------------------------------------------

(3)     SEC Use Only
- --------------------------------------------------------------------------------

(4)     Citizenship or Place of Organization: United States
- --------------------------------------------------------------------------------

Number of Shares Beneficially Owned by    (5) Sole Voting
   Each Reporting Person With                   Power:               3,352,847*
                                          (6) Shared Voting
                                                Power:                716,748**
                                          (7) Sole Dispositive
                                                Power:               3,352,847*
                                          (8) Shared Dispositive
                                                Power:                716,748**
- --------------------------------------------------------------------------------
(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:  4,069,595
- --------------------------------------------------------------------------------

(10)    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See 
        Instructions)
- --------------------------------------------------------------------------------

(11)    Percent of Class Represented by Amount in Row (9): 32.0%
- --------------------------------------------------------------------------------

(12) Type     of      Reporting      Person     (See      Instructions):      IN
- --------------------------------------------------------------------------------
* Includes  28,251  shares held in the Issuer's  401(k) plan on Mr.  Wall's
  behalf and 25,181 shares held in the Issuer's Investment Plan on Mr. Wall's
  behalf.

**  Owned by Mr. Wall's wife.



Item 1(a).  Name of Issuer:  Vital Signs, Inc.
- --------------------------------------------------------------------------------

Item 1(b).  Address of Issuer's Principal Executive Offices:  20 Campus Road, 
            Totowa, New Jersey 07512
- --------------------------------------------------------------------------------

Item 2(a).  Name of Person Filing:  Terence D. Wall
- --------------------------------------------------------------------------------

Item 2(b).  Address of Principal Business Office or, if none, Residence:  c/o 
            Vital Signs, 20 Campus Road, Totowa, New Jersey 07512
- --------------------------------------------------------------------------------


Item 2(c).  Citizenship:  United States
- --------------------------------------------------------------------------------

Item 2(d).  Title of Class of Securities: Common Stock
- --------------------------------------------------------------------------------

Item 2(e).  CUSIP No.:  928469105
- --------------------------------------------------------------------------------

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) [ ] Broker or Dealer registered under Section 15 of the Act.

         (b) [ ] Bank as defined in section 3(a)(6) of the Act.

         (c) [ ] Insurance company as defined in section 3(a)(19) of the Act.

         (d) [ ] Investment Company registered under section 8 of the Investment
Company Act.

         (e)  [ ]  Investment  Adviser  registered  under  section  203  of  the
Investment Advisers Act of 1940.

         (f) [ ] Employee  Benefit  Plan,  Pension  Fund which is subject to the
provisions of the Employee  Retirement  Income Security Act of 1974 or Endowment
fund; see Rule 13d-1(b)(1)(ii)(H).

         (g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7).

         (h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).

Item 4.  Ownership

         (a) Amount Beneficially Owned (as of December 31, 1997):

                  4,069,595

         (b) Percent of Class (as of December 31, 1997):

                  32.0%

         (c) Number of Shares as to which such person has:

              (i) sole power to vote or to direct the vote 3,352,847*

             (ii) shared  power  to  vote  or to  direct  the  vote  716,748**
                                                                       ---------

            (iii) sole  power to  dispose  or to direct  the  disposition  of
                  3,352,847*

            (iv)  shared  power to  dispose or to direct  the  disposition  of
                   716,748**


- ------------- 
* Includes  28,251 shares held in the Issuer's  401(k) plan on Mr. Wall's behalf
  and 25,181 shares held in the Issuer's Investment Plan on Mr. Wall's behalf.

**  Owned by Mr. Wall's wife.


Item 5.  Ownership of Five Percent or Less of a Class

         If this statement is being filed to report the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [ ].

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.  N/A

Item 7.  Identification  and  Classification of the Subsidiary Which Acquired 
         the Security Being Reported on by the Parent Holding Company.  N/A

Item 8.  Identification and Classification of Members of the Group.  N/A

Item 9.  Notice of Dissolution of Group.  N/A

Item 10.  Certification.  N/A



                                    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 6, 1998
                                                    (Date)



                                              /s/ Laura R. Kuntz
                                                   (Signature)



                                             Laura R. Kuntz, Attorney-in-Fact
                                                      (Name/Title)



            Attention: Intentional misstatements or omissions of fact
          constitute Federal criminal violations (See 18 U.S.C. 1001).



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