UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Open Market, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
68370M 10 0
----------------------------
(CUSIP Number)
*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 cover 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>
CUSIP No. 68370M 10 0 Page 2 of 7
----------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David K. Gifford
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 of America
5. SOLE VOTING POWER
1,822,500 (includes 150,000 shares which Dr.
Gifford has the right to acquire within
sixty (60) days of December 31, 1998).
NUMBER OF
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON
WITH 1,822,500 (includes 150,000 shares which Dr.
Gifford has the right to acquire within
sixty (60) days of December 31, 1998).
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,822,500 (includes 150,000 shares which Dr. Gifford has the right to
acquire within sixty (60) days of December 31, 1998).
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ X ]
<PAGE>
CUSIP No. 68370M 10 0 Page 3 of 7
----------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.1%
12. TYPE OF REPORTING PERSON
IN
<PAGE>
CUSIP No. 68370M 10 0 Page 4 of 7
----------------
Item 1(a). Name of Issuer.
Open Market, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
One Wayside Road
Burlington, MA 01803
Item 2(a). Name of Person Filing:
David K. Gifford
Item 2(b). Address of Principal Office or, if None, Residence:
545 Technology Square
Cambridge, MA 02139
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $.001 par value per share
Item 2(e). CUSIP Number:
68370M 10 0
Item 3.
Not Applicable.
Item 4. Ownership:
(a) Amount Beneficially Owned:
1,822,500 shares (includes 150,000 shares which Dr. Gifford has the
right to acquire within 60 days of December 31, 1998.)
(b) Percent of Class:
5.1%
<PAGE>
CUSIP No. 68370M 10 0 Page 5 of 7
----------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,822,500 shares (includes 150,000 shares which
Dr. Gifford has the right to acquire within 60
days of December 31, 1998);
(ii) shared power to vote or to direct the vote:
0 shares;
(iii) sole power to dispose or to direct the
disposition of:
1,822,500 shares (includes 150,000 shares which
Dr. Gifford has the right to acquire within 60
days of December 31, 1998);
(iv) shared power to dispose or to direct the
disposition of:
0 shares.
Does not include 500,000 shares of Common Stock owned by a trust
for the benefit of Dr. Gifford's minor children. Dr. Gifford disclaims
beneficial ownership of such shares of Common Stock pursuant to Rule
13d-4.
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 by the Parent Holding
Company:
Not Applicable
Item 8. Identification and Classification of Members of the Group:
<PAGE>
CUSIP No. 68370M 10 0 Page 6 of 7
----------------
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
<PAGE>
CUSIP No. 68370M 10 0 Page 7 of 7
----------------
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.
March 9, 1999
/s/ David K. Gifford
---------------------------------
David K. Gifford, Ph.D.
