INDUSTRIAL SCIENTIFIC CORP
SC 13G/A, 1998-02-13
INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL
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<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20059


                                 SCHEDULE 13G
                   Under the Securities Exchange Act of 1934
                               (Amendment No. 4)



NAME OF ISSUER:  Industrial Scientific Corporation


TITLE OF CLASS OF SECURITIES:  Common Stock


CUSIP NUMBER:  45631G-10-6


Check the following box if a fee is being paid with this statement:  [  ]
<PAGE>
 
CUSIP NO.  45631G-10-6
_________________________________________________________________

(1)   Names of Reporting Persons           Florence L. McElhattan Corporation

      SS or IRS Identification Nos.          SSN:  ###-##-####
      of Above Person
________________________________________________________________
(2)   Check the Appropriate Box (See Instructions):
      (a)________________________________
      if a Member of a Group

      (See Instructions)     
      (b)_______________X________________
      Membership in any group is
      disclaimed
- -----------------------------------------------------------------------
(3)   SEC Use Only
- -----------------------------------------------------------------------
(4)   Citizenship or Place                     United States of America
      of Organization
- -----------------------------------------------------------------------
Number of Shares            (5)  Sole Voting Power              750,000
Beneficially                                                   
Owned by Each               (6)  Shared Voting Power           696,360*
Reporting Person with                                          
                            (7)  Sole Dispositive Power         750,000
                            (8)  Shared Dispositive Power      696,360*
- -----------------------------------------------------------------------
(9)   Aggregate Amount Beneficially Owned by Each
      Reporting Person                                        1,446,360
- -----------------------------------------------------------------------
(10)  Check if the Aggregate Amount in Row (9)
      Excludes Certain Shares                            Not Applicable
- -----------------------------------------------------------------------
(11)  Percent of Class Represented by Amount in Row 9              42.9
- -----------------------------------------------------------------------
(12)  Type of Reporting Person
      (See Instructions)                                             IN

*  See Exhibit A

                                      -2-
<PAGE>
 
CUSIP NO.  45631G-10-6

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13G
                (Under the Securities and Exchange Act of 1934)


Item 1(a)      Name of Issuer:
               -------------- 

                   Industrial Scientific Corporation

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

                   1001 Oakdale Road
                   Oakdale, PA  15071

Item 2(a)      Name of Person Filing:
               ----------------------

                   Florence L. McElhattan

Item 2(b)      Address of Principal Business Office:
               -------------------------------------

                   Industrial Scientific Corporation
                   1001 Oakdale Road
                   Oakdale, Pennsylvania 15071

Item 2(c)      Citizenship:
               ------------

                   United States of America

Item 2(d)      Title of Class of Securities:
               -----------------------------

                   Common Stock, Par Value $.01 Per Share

Item 2(e)      CUSIP Number:
               -------------

                   45631G-10-6

Item 3         Statement filed pursuant to Rules 13d-1(b), or
               13d-2(b).

                   Not Applicable.

                                      -3-
<PAGE>
 
Item 4         Ownership:
               ----------

               (a) Amount beneficially owned:  1,446,360*

               (b) Percent of class:  42.9

*  See Exhibit A
 
               (c) Number of shares as to
                   which person has:
 
                   (i)   Sole power to vote or
                         to direct the vote:                 750,000

                   (ii)  Shared power to vote
                         or to direct the vote:             696,360*

                   (iii) Sole power to dispose or
                         to direct the disposition
                         of shares:                          750,000

                   (iv)  Shared power to dispose or
                         to direct the disposition
                         of shares:                         696,360*

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 by the Parent Holding
               ----------------------------------------------------------
               Company:
               --------

                     Not Applicable.

Item 8         Identification and Classification of Members of the Group:
               ----------------------------------------------------------

                     Not Applicable.

                                      -4-
<PAGE>
 
Item 9         Notice of Dissolution of Group:
               -------------------------------

                     Not Applicable.

Item 10        Certification:
               --------------

                     Not Applicable.


*  See Exhibit A

                                      -5-
<PAGE>
 
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 13, 1998



/s/ Florence L. McElhattan
- --------------------------
Florence L. McElhattan

                                      -6-
<PAGE>
 
                                 Exhibit A
                                 ---------

*    Includes 680,960 shares held directly by Kenton E. McElhattan, the husband
     of the reporting person, and 14,400 shares held by a foundation that may be
     deemed to be beneficially owned by Mr. McElhattan and therefore attributed
     to the reporting person.  Mrs. McElhattan disclaims beneficial ownership of
     such shares.

                                      -7-


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