STRATASYS INC
5, 1998-02-19
COMPUTER PERIPHERAL EQUIPMENT, NEC
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                                                           OMB APPROVAL
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                                                  OMB Number:          3235-0362
                                                  Expires:    September 30, 1998
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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 of Section 16. Form 4 or Form 5
      obligations may Continue. See Instructions 1(b)

[   ] Form 3 Holdings Reported

[ X ] Form 4 Transactions Reported

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1. Name and Address of Reporting Person*

Stenoien                 Thomas                   W.
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

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

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


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2. Issuer Name and Ticker or Trading Symbol

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


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4. Statement for Month/Year

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


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

   [   ]   Director                             [   ]   10% Owner
   [ X ]   Officer (give title below)           [   ]   Other (specify below)
   [   ]   Chief Financial 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  Securities Acquired (A) or      Securities     ship
                                                    Code         Disposed of (D)                 Beneficially   Form:     7.
                                      2.            (Instr. 8)   (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of
                                      Transaction   ------------------------------------------   of Issuer's    (D) or    Indirect
1.                                    Date                                       (A)             Fiscal Year    Indirect  Beneficial
Title of Security                     (Month/Day/      Code          Amount      or     Price    (Instr. 3      (I)       Ownership 
(Instr. 3)                            Year)                                      (D)             and 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-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4, and 5)     Date     Expira-            Number  ity      Year      (I)      ship
Security            Secur-   Day/     -------  ------------  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>


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Employee Stock                                                                 Common
Options             $15.00   7/30/97   A         2,000         (1)     7/29/03 Stock     2,000    n/a     2,000       D      n/a
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Employee Stock                                                                 Common
Options             $15.00   7/30/97   A           750         (2)     7/29/02 Stock       750    n/a       750       D      n/a
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Employee Stock                                                                 Common
Options             $15.00   7/30/97   A         4,000         (3)     7/29/02 Stock     4,000    n/a     4,000       D      n/a
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1. 400 options
vest on each of
7/30 for the next
five years                                                                                                
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2. 750 options
vested on 7/30/97
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3. 4,000 options 
vest on 4/1/98
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====================================================================================================================================
</TABLE>
Explanation of Responses:




/s/ Thomas W. Stenoien                                     2/19/98
- ---------------------------------------------            -----------------------
Thomas W. Stenoien                                                Date

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

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

#132814                                                                   Page 2
                                                                 SEC 2270 (7-96)


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