SECURITY DYNAMICS TECHNOLOGIES INC /DE/
SC 13G, 1997-01-27
COMPUTER PERIPHERAL EQUIPMENT, NEC
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<PAGE>

                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.  20549


                               SCHEDULE 13G



                UNDER THE SECURITIES EXCHANGE ACT OF 1934
                         (AMENDMENT NO.   N/A  )*
                                       --------


                   Security Dynamics Technologies, Inc.
                   ------------------------------------
                             (Name of Issuer)


                               Common Stock
                   ------------------------------------
                      (Title of Class of Securities)


                                814208 10 4
                   ------------------------------------
                              (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 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>

                               SCHEDULE 13G

CUSIP No. 814208 10 4

- -------------------------------------------------------------------------------
 1    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Addison M. Fischer
- -------------------------------------------------------------------------------
 2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP             (a)   / /
                                                                   (b)   /X/


- -------------------------------------------------------------------------------
 3    SEC USE ONLY


- -------------------------------------------------------------------------------
 4    CITIZENSHIP OR PLACE OF ORGANIZATION

         U.S.
- -------------------------------------------------------------------------------
  NUMBER OF                 5    SOLE VOTING POWER
   SHARES                            3,230,936
 BENEFICIALLY               ---------------------------------------------------
  OWNED BY                  6    SHARED VOTING POWER
    EACH                               -0-
  REPORTING                 ---------------------------------------------------
 PERSON WITH                7    SOLE DISPOSITIVE POWER
                                     3,230,936
                            ---------------------------------------------------
                            8    SHARED DISPOSITIVE POWER
                                       -0-
- -------------------------------------------------------------------------------
 9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         3,230,936
- -------------------------------------------------------------------------------
 10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES     /X/
      The aggregate amount in Row 9 excludes an aggregate of 
      166,112 shares of the Issuer's Common Stock held of 
      record by Kairdos, L.L.C., a Delaware limited liability 
      company, in which the reporting person is a stockholder 
      and director.  The reporting person disclaims beneficial 
      ownership over the shares except to the extent of his 
      pecuniary interest therein.
- -------------------------------------------------------------------------------
 11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         9.4%
- -------------------------------------------------------------------------------
 12   TYPE OF REPORTING PERSON

         IN
- -------------------------------------------------------------------------------


<PAGE>

                               SCHEDULE 13G

CUSIP No. 814208 10 4


ITEM 1(a)   NAME OF ISSUER:  Security Dynamics Technologies, Inc.

ITEM 1(b)   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 20 Crosby,
            Bedford, MA  01730

ITEM 2(a)   NAME OF PERSON FILING:  Addison M. Fischer

ITEM 2(b)   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
            The principal business office of the reporting person is 3506 
            Mercantile Avenue, Naples, Florida 34104-3310.

ITEM 2(c)   CITIZENSHIP:  U.S.

ITEM 2(d)   TITLE OF CLASS OF SECURITIES:  Common Stock, par value $0.01 per
            share

ITEM 2(E)   CUSIP NUMBER:  814208 10 4

ITEM 3.     CLASSIFICATION.  Not Applicable

ITEM 4.     OWNERSHIP:  The information contained in Items (5), (7), (9) and
            (11) of the cover page hereof is incorporated herein by this
            reference.  The reporting person may be deemed to be the
            beneficial holder of 321,400 shares held by a grantor retained
            annuity trust of which the reporting person is the trustee and
            over which he has sole voting and investment control.  These
            shares are included in the shares referenced in items (5), (7),
            (9) and (11) of the cover page.

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


<PAGE>

                               SCHEDULE 13G

CUSIP No. 814208 10 4



                                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.



Dated: January 27, 1997               /s/ Timothy Tomlinson
                                      --------------------------------------
                                      Timothy Tomlinson, Attorney-In-Fact*













     *   The Power of Attorney previously filed with the Commission in 
         connection with the reporting person's Amendment to Form 4 
         (November, 1996) appointing Timothy Tomlinson as attorney-in-fact 
         for Addison M. Fischer is hereby incorporated herein by this 
         reference.



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