STRATASYS INC
5, 1998-02-19
COMPUTER PERIPHERAL EQUIPMENT, NEC
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 5

               ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[  ] Check this box if no longer subject to Section 16. Form 4 or Form 5
     obligations may Continue. See Instructions 1(b)

[  ] Form 3 Holdings Reported

[ X] Form 4 Transactions Reported

================================================================================
1. Name and Address of Reporting Person*

Moffat                   Donald                   W.
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

Stratasys, Inc.  14950 Martin Drive
- --------------------------------------------------------------------------------
                                    (Street)

Eden Prarie                MN                55344-2020
- --------------------------------------------------------------------------------
   (City)               (State)                 (Zip)


================================================================================
2. Issuer Name and Ticker or Trading Symbol


Stratasys, Inc.  (SSYS-Nasdaq)  (SAS-Pacific)
================================================================================
3. IRS Number of Reporting Person (Voluntary)


================================================================================
4. Statement for Month/Year

12/97
================================================================================
5. If Amendment, Date of Original (Month/Year)


================================================================================
6. Relationship of Reporting Person(s) to Issuer
   (Check all applicable)

   [   ]   Director                             [   ]   10% Owner
   [ X ]   Officer (give title below)           [   ]   Other (specify below)


        Chief Operating Officer  
      --------------------------------------------------------------------
================================================================================
7. Individual or Joint/Group Reporting
                             (check applicable line)
[ X ] Form Filed by One Reporting Person 
[   ] Form Filed by More than One Reporting Person

================================================================================
           TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
                             OR BENEFICIALLY OWNED
================================================================================
<TABLE>
<CAPTION>
                                                                                                 5.             6.
                                                    3.           4.                              Amount of      Owner-
                                                    Transaction  Security Acquired (A) or        Securities     ship     
                                                    Code         Disposed of (D)                 Beneficially   Form:     7. 
                                                    (Instru. 8)  (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of
                                  2.                ------------------------------------------   of Issuer's    (D) or    Indirect 
1.                                Transaction                                    (A)             Fiscal Year    Indirect  Beneficial
Title of Security                 Date                               Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                        (Month/Day/Year)  Code                         (D)             & 4)           (Instr.4) (Instr. 4)
- ---------------------------------------------------------------------------------------------------------------------------------
<S>                               <C>               <C>              <C>         <C>    <C>      <C>            <C>       <C>


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

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

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

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

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

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

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

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

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

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

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====================================================================================================================================
</TABLE>

#132814

<PAGE>   2


FORM 5 (CONTINUED)

TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
         (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

================================================================================
<TABLE>
<CAPTION>
                                                                                                          9.        10.    
                                                                                                          Number    Owner- 
                                                                                                          of        ship   
                    2.                                                                                    Deriv-    of     
                    Conver-                    5.                              7.                         ative     Deriv-   11.    
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature 
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of     
                    Exer-                      Securities    Date              Securities        Price    Bene-     ity:     In-    
                    cise     3.       4.       Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct 
                    Price    Trans-   Trans-   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-  
1.                  of       action   Action   of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial 
Title of            Deriv-   Date     Code     (Instr. 3,    ----------------            or      Secur-   of        direct   Owner- 
Derivative          ative    (Month/  (Instr.  4 and 5)      Date     Expira-            Number  ity      Year      (I)      ship   
Security            Secur-   Day/     8)       ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code      (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>       <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>


- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock      $15.00   7/30/97  A         8,000        (1)      7/29/03  Common    8,000   n/a      8,000     D        n/a
Options                                                                        Stock     
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock      $15.00   7/30/97  A          750         (2)      7/29/02  Common     750    n/a       750      D        n/a
Options                                                                        Stock     
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock      $15.00   7/30/97  A         10,000       (3)      7/29/03  Common    10,000  n/a      10,000    D        n/a
Options                                                                        Stock     
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock      $21.81   2/19/97  A         4,000        (4)      2/18/03  Common    4,000   n/a       4,000    D        n/a   
Options                                                                        Stock     
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                      
- ------------------------------------------------------------------------------------------------------------------------------------
(1) 8,000 options vest
4/1/98
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(2) 750 options vested
7/30/97
- ------------------------------------------------------------------------------------------------------------------------------------
(3) 2,000 options vest on
each of 7/30 for the
next five years
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

#132814                                                                   Page 2
                                                                  SEC 2270(7-96)
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<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>       <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>
(4) 800 options vest 
on each of 7/30 for 
the next five years
====================================================================================================================================
</TABLE>
Explanation of Responses:




/s/ Donald W. Moffat                                      2/19/98
- ---------------------------------------------            -----------------------
Donald W. Moffat                                         Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed
       If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who to respond to the collection of information contained in
this form are not required to respond unless the form displays a currently
valid OMB number.

                                                                      Page 2
                                                                  SEC 2270(7-96)

#132814


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