UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G



                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 15)*

                        BALDWIN TECHNOLOGY COMPANY, INC.
                        --------------------------------
                                (NAME OF ISSUER)

                              CLASS A COMMON STOCK
                              --------------------
                         (TITLE OF CLASS OF SECURITIES)

                                   058264-10-2
                                   -----------
                                 (CUSIP NUMBER)
                                   -----------
                                February 14, 2004

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

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CUSIP NO. 058264-10-2                          13G

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

                  WENDELL M. SMITH - S.S. #144-26-3154
----------------------------------------------------------------------

[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

----------------------------------------------------------------------
       NUMBER OF                 : [5]  SOLE VOTING POWER
                                 :        784,534 shares (ITEM 4)
        SHARES
                                 :--------------------------------------------
     BENEFICIALLY
                                 : [6] SHARED VOTING POWER
       OWNED BY                  :       NONE

        EACH                     :--------------------------------------------

   REPORTING PERSON              : [7]  SOLE DISPOSITIVE POWER
                                 :        784,534 shares (ITEM 4)

                                 :--------------------------------------------

                                 : [8]  SHARED DISPOSITIVE POWER
                                 :       NONE

                                 :--------------------------------------------

[9]  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         784,534 shares (ITEM 4)

---------------------------------------------------------------------

[10] CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
     SHARES*      [X] 14,751 shares owned by Margaret Smith, wife of Reporting
                                Person, as to which shares Mr. Smith disclaims
                                beneficial ownership.

---------------------------------------------------------------------

[11]  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         APPROXIMATELY 5.2%

---------------------------------------------------------------------

[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:

                  12Commerce Dr., P.O. Box 901, Shelton, CT  06484

ITEM 2(a)         NAME OF PERSON FILING:  Wendell M. Smith

ITEM 2(b)         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  Polestar Ltd.
                  C\o Polaris Partners LP
                  33 Downs Ave., Stamford, CT 06902

ITEM 2(c)         CITIZENSHIP:  U.S.

ITEM 2(d)         TITLE OF CLASS OF SECURITIES:

                  Class A Common Stock

ITEM 2(e)         CUSIP NUMBER:  058264-10-2

ITEM 3.           Not Applicable. The person filing this Amendment is not an
                  entity listed in this Item.

ITEM 4.           OWNERSHIP:

                  (a)      As of December 31, 2001, Mr. Wendell M. Smith is
                           deemed to be the beneficial owner of 784,534 shares
                           of Class A Common Stock of the Issuer, including
                           111 shares of Class A Common Stock (1% owned by WMS)
                           owned by  Polaris Partners; 259,500 shares of Class
                           A Common Stock owned by Polestar Corporation (f/k/a
                           Polaris Corporation) (all the outstanding capital
                           stock of Polestar Corporation is owned, beneficially
                           and of record, by Mr. Smith); 240 shares owned
                           by Polaris Partners LP (WMS ownes 1%) which he has a
                           right to receive upon conversion of 24,000 shares of
                           Class B Common Stock of the Issuer; 504,015 shares
                           which he has a right to receive upon conversion of
                           504,015 shares of Class B Common Stock of the Issuer
                           (beneficially owned by Polestar Corporation); 20,668
                           shares which he has a right to receive upon
                           conversion of 20,668 shares of Class B Common


                                   Page 3 of 5

                           Stock of the Issuer (beneficially owned by Polestar
                           Limited--all the outstanding capital stock of
                           Polestar Limited is owned, beneficially and of
                           record, by Mr. Smith). The foregoing amount does not
                           include 14,751 shares of Class A Common Stock owned
                           by Mr. Smith's spouse, as to which shares Mr. Smith
                           disclaims beneficial ownership.

                  (b)      PERCENT OF CLASS: 5.2%

                  (c)      Mr. Wendell M. Smith has sole power to vote, dispose
                           and direct the disposition of all 784,534 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 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 14, 2004

                                         By:/s/ Wendell M. Smith
                                         -----------------------
                                                Wendell M. Smith



                                   Page 5 of 5