UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 12)* Baldwin Technology Company, Inc. -------------------------------- (Name of Issuer) Class A Common Stock -------------------- (Title of Class of Securities) 058264-10-2 ------------- (CUSIP Number) Check the following box if a fee is being paid with this statement (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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). (Continued on following pages) Page 1 of 5 _____________________________________________________________________ CUSIP No. 058264-10-2 13G _____________________________________________________________________ [1] NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON AKIRA HARA _____________________________________________________________________ [2] CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:* [ ] (a) [ ] (b) _____________________________________________________________________ [3] SEC USE ONLY _____________________________________________________________________ [4] CITIZENSHIP OR PLACE OF ORGANIZATION JAPANESE _____________________________________________________________________ NUMBER OF : [5] SOLE VOTING POWER : 1,093,018 (ITEM 4) SHARES :______________________________ : [6] SHARED VOTING POWER BENEFICIALLY : NONE :______________________________ OWNED BY : [7] SOLE DISPOSITIVE POWER : 1,093,018 (ITEM 4) EACH :______________________________ : [8] SHARED DISPOSITIVE POWER REPORTING PERSON : NONE ______________________________________:______________________________ [9] AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,093,018 (ITEM 4) _____________________________________________________________________ [10] CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* [ ] _____________________________________________________________________ [11] PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 APPROXIMATELY 8.2% _____________________________________________________________________ [12] TYPE OF REPORTING PERSON* INDIVIDUAL _____________________________________________________________________ * SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 5 Item 1(a) Name of Issuer: Baldwin Technology Company, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 12 Commerce Drive, Shelton, CT 06484 Item 2(a) Name of Person Filing: Akira Hara Item 2(b) Address of Principal Business Office or, if none, residence: c/o Baldwin Japan Ltd. 4-34 Toyo 2-chome Kohtoh-ku, Tokyo 135 Japan Item 2(c) Citizenship: Japanese Item 2(d) Title of Class of Securities: Class A Common Stock Item 2(e) CUSIP Number: 058264-10-2 Item 3. N/A. Person filing this Amendment is not an entity listed in this Item. Item 4. Ownership: (a) As of December 31, 2002, Mr. Akira Hara owns 1,093,018 shares of Class A Common Stock, including 634,418 shares owned directly; 260,600 shares which he has a right to receive upon conversion of 260,000 shares of Class B Common Stock; 128,000 shares which he has the right to acquire upon the exercise of stock options exercisable within 60 days; and 70,000 shares which he has a right to acquire/receive upon exercise of stock options exercisable within 60 days and conversion of 70,000 shares of Class B Common Stock. Page 3 of 5 (b) Percent of Class: 8.2% (c) Mr. Akira Hara has sole power to vote, dispose and direct the disposition of all 1,093,018 shares which he beneficially owns. 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 4 of 5 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. February 12, 2003 /s/ Akira Hara -------------------------------- Akira Hara Page 5 of 5