CUSIP No. 68219P108 Page 1 of 5 Pages
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Final Amendment)
ON Technology Corporation
________________________________________________________________
(Name of Issuer)
Common Stock, $.01 par value
________________________________________________________________
(Title of Class of Securities)
68219P108
________________________________________________________________
(CUSIP Number)
________________________
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CUSIP No. 68219P108 Page 2 of 5 Pages
_________________________________________________________________
1) Name of Reporting Person Lawrence, Tyrrell,
S.S. or I.R.S. Identification Ortale & Smith II,
No. of Above Person L.P.
_________________________________________________________________
2) Check the Appropriate Box (a) [ ]
if a Member of a Group (b) [ ]
_________________________________________________________________
3) SEC Use Only
_________________________________________________________________
4) Citizenship or Place Delaware
of Organization
_________________________________________________________________
Number of 5) Sole Voting 487,036 shares of Shares
Beneficially Power Common Stock
Owned by Each
Reporting Person
________________________________________
With: 6) Shared Voting
Power -0-
________________________________________
7) Sole Disposi- 487,036 shares of tive
Power
Common
Stock
________________________________________
8) Shared Dis-
positive Power -0-
________________________________________
9) Aggregate Amount Beneficially 487,036 shares of
Owned by Each Reporting person Common Stock
_________________________________________________________________
10) Check if the Aggregate
Amount in Row (9)
Excludes Certain Shares
_________________________________________________________________
11) Percent of Class
Represented by 4.4%
Amount in Row (9)
_________________________________________________________________
12) Type of Reporting
Person PN
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CUSIP No. 68219P108 Page 3 of 5 Pages
Schedule 13G
____________
Item 1(a) - Name of Issuer: ON Technology Corporation
Item 1(b) - Address of Issuer's Principal Executive Offices:
One Cambridge Center
Cambridge, MA 02142
Item 2(a) - Name of Person Filing:
This statement is being filed by Lawrence, Tyrrell, Ortale &
Smith II, L.P. ("LTOS II"). LTOS II is a Delaware limited
partnership. Its sole general partner is LTOS II Partners,
a Delaware general partnership.
Item 2(b) - Address of Principal Business Office or, if none, Residence:
515 Madison Avenue, 29th Floor
New York, New York 10022
Item 2(c) - Place of Organization:
Delaware
Item 2(d) - Title of Class of Securities:
Common Stock, $.01 par value ("Common Stock")
Item 2(e) - CUSIP Number: 68219P108
Item 3 - Statements Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
Not applicable
Item 4 - Ownership.
(a) Amount Beneficially Owned:
487,036 shares of Common Stock
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CUSIP No. 68219P108 Page 4 of 5 Pages
(b) Percent of Class:
4.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
487,036
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the
disposition of: 487,036
(iv) shared power to dispose or to direct the
disposition of: -0-
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
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
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CUSIP No. 68219P108 Page 5 of 5 Pages
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.
LAWRENCE, TYRRELL, ORTALE
& SMITH II, L.P.
By: LTOS II Partners,
General Partner
By /s/ Richard W. Smith
General Partner
Date: January 13, 1997
