INDUSTRIAL SCIENTIFIC CORP
SC 13G/A, 1999-02-16
INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL
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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)
                                        
 
                       Industrial Scientific Corporation
                               (Name of Issuer)
 
                                 Common Stock
                        (Title of Class of Securities)
 
                                  45631G-10-6
                                (CUSIP Number)
 
                               December 31, 1998
            (Date of Event Which Require Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed.
 
[   ]  Rule 13d-1(b) (Qualified Investor)
 
[   ]  Rule 13d-1(c) (Passive Investor)
 
[ X ]  Rule 13d-1(d) (Exempt Investor)
 
*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.  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                 684,360*
Reporting Person
With                           (7)  Sole Dispositive Power              750,000
 
                               (8)  Shared Dispositive                  684,360*
                                    Power
________________________________________________________________________________
(9)   Aggregate Amount Beneficially Owned by Each
      Reporting Person                                                 1,434,360
- --------------------------------------------------------------------------------
(10)  Check if the Aggregate Amount in Row (9)
      Excludes Certain Shares                                     Not Applicable
- --------------------------------------------------------------------------------
(11)  Percent of Class Represented by Amount in Row 9                       42.4
- --------------------------------------------------------------------------------
(12)  Type of Reporting Person                                              IN
      (See Instructions)

*  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:  1,434,360*

               (b) Percent of class:  42.4

* 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:                        684,360*

                   (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:                                    684,360*

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.

Item 9         Notice of Dissolution of Group:
               -------------------------------

                     Not Applicable.

                                       4
<PAGE>
 
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 16, 1999


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

                                       6
<PAGE>
 
                                 EXHIBIT A
                                 ---------


*    Includes 669,960 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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