UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
------
Advanced Deposition Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
007521 10 7
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(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 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>
Page 2 of 5 Pages
CUSIP No. 007521 10 7 13G
- --------------------------------------------------------------------------------
(1) Names of Reporting Persons.
S.S. or I.R.S. Identification Nos. of Above Persons
Gordon E. Walters
- --------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
301,947 shares
(includes 60,000 shares underlying options
exercisable within the next sixty (60)
days).
Beneficially --------------------------------------------
(6) Shared Voting Power
Owned by -0-
--------------------------------------------
Each Reporting (7) Sole Dispositive Power
301,947 shares
(includes 60,000 shares underlying options
exercisable within the next sixty (60)
days).
Person With --------------------------------------------
(8) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
301,947 shares
(includes 60,000 shares underlying options exercisable within the next
sixty (60) days).
-------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
Not applicable
- --------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
6.2%
- --------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)
IN
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Page 3 of 5 Pages
Item 1(a). NAME OF ISSUER:
Advanced Deposition Technologies, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
580 Myles Standish Boulevard, Myles Standish Industrial Park
Taunton, MA 02780
Item 2(a). NAME OF PERSON FILING:
Gordon E. Walters
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
580 Myles Standish Boulevard, Myles Standish Industrial Park
Taunton, MA 02780
Item 2(c). CITIZENSHIP:
United States
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
Item 2(e). CUSIP NUMBER:
007521 10 7
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
Page 4 of 5 Pages
(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
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1 (b) (ii) (G)
(h) [ ] Group, in accordance with ss.240.13d-1 (b) (1) (ii)
(H)
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED AS OF DECEMBER 31, 1996:
301,947 shares of Common Stock. This amount includes
60,000 shares of Common Stock underlying options that
are exercisable within sixty (60) days of the date
hereof.
(b) PERCENT OF CLASS:
6.2%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote:
301,947 shares of Common Stock. This amount
includes 60,000 shares of Common Stock
underlying options that are exercisable
within sixty (60) days of the date hereof.
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or to direct the
disposition of: 301,947 shares of Common
Stock. This amount includes 60,000 shares of
Common Stock underlying options that are
exercisable within sixty (60) days of the
date hereof.
(iv) Shared power to dispose or to direct the
disposition of: -0-
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.
Not applicable.
Page 5 of 5 Pages
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 its or his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
February 14, 1997
----------------------------------------
(Date)
/s/ Gordon E. Walters
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(Signature)
Gordon E. Walters, Chairman of the Board
----------------------------------------
(Name and Title)
