SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(RULE 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO

RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)

(Amendment No. 5)*

PCD Inc.

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(Name of Issuer)

Common Stock, $0.01 par value per share

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(Title of Class of Securities)

69318P 10 6

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(CUSIP Number)

December 31, 2001

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(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

/ / Rule 13d-1(b)

/ / Rule 13d-1(c)

/x/ Rule 13d-1(d)

*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).

CUSIP NO. 69318P 10 6                  13G                     Page 2 of 4 Pages

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1 NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

     John L. Dwight, Jr.

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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /  (b) / /

     Not Applicable.

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3 SEC USE ONLY

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4 CITIZENSHIP OR PLACE OF ORGANIZATION

     United States

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                         5 SOLE VOTING POWER

                           861,900 (Incudes 11,000 shares subject to currently

     NUMBER OF             exercisable options)

     SHARES                - ----------------------------------------------------

     BENEFICIALLY        6 SHARED VOTING POWER

     OWNED BY              NONE

     EACH                  - ----------------------------------------------------

     REPORTING           7 SOLE DISPOSITIVE POWER

     PERSON                861,900

     WITH                  - ----------------------------------------------------

                         8 SHARED DISPOSITIVE POWER

                           NONE

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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

  861,900

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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /

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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

   9.64%

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12 TYPE OF REPORTING PERSON*

   IN

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*SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP NO. 69318P 10 6                  13G                     Page 3 of 4 Pages

Item 1: (a) Name of Issuer:

            PCD Inc.

        (b) Address of Issuer's Principal Executive Offices:

            Two Technology Drive

            Centennial Park

            Peabody, MA 01960-7977

Item 2: (a) Name of Person Filing:

            John L. Dwight Jr.

        (b) Address of Principal Business Office or, if None, Residence:

            c/o PCD Inc.

            Two Technology Drive

            Centennial Park

            Peabody, MA 01960-7977

        (c) Citizenship:

            United States

        (d) Title of Class of Securities:

            Common Stock, $0.01 par value

        (e) CUSIP Number:

            69318P 10 6

Item 3: If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

     (a) / / Broker or dealer registered under Section 15 of the Exchange Act.

     (b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.

     (c) / / Insurance company as defined in Section 3(a)(19) of the Exchange

             Act.

     (d) / / Investment company registered under Section 8 of the Investment

             Company Act.

     (e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

     (f) / / An employee benefit plan or endowment fund in accordance with

             Rule 13d-1(b)(1)(ii)(F);

     (g) / / A parent holding company or control person in accordance with

             Rule 13d-1(b)(1)(ii)(G);

     (h) / / A savings association as defined in Section 3(b) of the Federal

             Deposit Insurance Act;

     (i) / / A church plan that is excluded from the definition of an investment

             company under Section 3(c)(14) of the Investment Company Act;

     (j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant to Rule 13d-1(c), check this box. / /

Item 4: Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

CUSIP NO. 69318P 10 6                  13G                     Page 4 of 4 Pages

     (a) Amount Beneficially Owned:                               COMMON STOCK

                                                                     861,900

     (b) Percent of Class:                                          PERCENTAGE

                                                                       9.64%

         Based on 8,933,770 shares of Common Stock of PCD Inc. outstanding

         as of December 31, 2001 and 11,000 currently exercisable options

         held by Mr. Dwight.

     (c) Number of shares as to which such person has:

         (i)   Sole power to vote or to direct the vote:                861,900

         (ii)  Shared power to vote or to direct the vote:                 - -0-

         (iii) Sole power to dispose or to direct the disposition of:   861,900

         (iv)  Shared power to dispose or to direct the disposition of:    - -0-

Item 5:    Ownership of Five Percent or Less of a Class:

           If this statement is being filed to report the fact that as

           of the date hereof the reporting person has ceased to be the

           beneficial owner of more than five percent of the class of

           securities, check the following: [ ].

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:   Certifications:

           Not Applicable (not filed pursuant to Rule 13d-1(b) or (c)).

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 9, 2002

By: /s/ John L. Dwight Jr. .

    John L. Dwight, Jr.

    Chairman of the Board, Chief

    Executive Officer and President