UFP TECHNOLOGIES INC
SC 13G/A, 1997-02-14
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. 3)



                             UFP Technologies, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock - $.01 Par Value
- --------------------------------------------------------------------------------

                                    902673102
- --------------------------------------------------------------------------------
                                 (CUSIP Number)






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                                  SCHEDULE 13G

CUSIP No. 902673102

1)   Names of Reporting Persons; S.S. or I.R.S. Identification Nos. of Above
     Persons

                      Richard L. Bailly
     ---------------------------------------------------------------------------

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  U.S.A.
                                         ---------------------------------------

Number of Shares          5)   Sole Voting Power          268,068
                                                --------------------------------
Beneficially Owned
                          6)   Shared Voting Power          175,924
By Each Reporting                                 ------------------------------
         
Person With               7)   Sole Dispositive Power          268,068
                                                     ---------------------------

                          8)   Shared Dispositive Power          175,924
                                                       -------------------------

9)   Aggregate Amount Beneficially Owned by Each Reporting Person
                               443,992
     ---------------------------------------------------------------------------

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


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

11)  Percent of Class Represented by Amount in Row (9)        9.5%
                                                      --------------------------

12)  Type of Reporting Person (See Instructions)              IN
                                                --------------------------------






                                       -2-

<PAGE>   3




                       SECURITIES AND EXCHANGE COMMISSION

                                  SCHEDULE 13G

                                 AMENDMENT NO. 3


Item 1(a) Name of Issuer:  UFP Technologies, Inc.

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

                   172 East Main Street
                   Georgetown, Massachusetts 01833

Item 2(a) Name of Person Filing:  Richard L. Bailly

      (b) Address of Principal Business Office or, if none, Residence:

                   172 East Main Street
                   Georgetown, Massachusetts 01833

      (c) Citizenship: USA

      (d) Title of Class of Securities, Common Stock, $.01 par value

      (e) CUSIP NUMBER: 902673102

Item 3    If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 
          check whether the person filing is a:

                                 Not Applicable

Item 4(a) Amount Beneficially Owned:                                 443,992

      (b) Percent of Class:                                          9.5%

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

              (i)   sole power to direct the vote                    268,068

              (ii)  shared power to vote or to direct the vote       175,924


                                       -3-

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              (iii) sole power to dispose or to direct the disposition of
                                                                     268,068

              (iv)  shared power to dispose or to direct the disposition of
                                                                     175,924


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


                                       -4-




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                                  SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I hereby
certify that the information set forth in this statement is true, complete and
correct.

                                             February 10, 1997
                                             ---------------------------
                                             Date


                                             /s/ Richard L. Bailly
                                             ---------------------------
                                             Signature


                                             Richard L. Bailly
                                             ---------------------------
                                             Name/Title


                                     -5-



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