Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  MIYAOKU TAKAYUKI
 2. Date of Event Requiring Statement (Month/Day/Year)
11/09/2004		 3. Issuer Name and Ticker or Trading Symbol
BALDWIN TECHNOLOGY CO INC [BLD]
(Last)
(First)
(Middle)
C/O BALDWIN JAPAN LTD., 4-34 TOYO 2-CHOME KOHTOH-KU		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

TOKYO, M0 135-8384		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Class A Common Stock 0
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
option (grant date 8/12/97)   (1) 08/12/2007 Class A Common Stock 10,000 $ 3 D  
option (grant date 8/11/98)   (1) 08/11/2008 Class A Common Stock 2,500 $ 5.5 D  
option (grant date 8/7/01)   (1) 08/07/2011 Class A Common Stock 25,000 $ 1.05 D  
option (grant date 11/11/03)   (1) 11/11/2013 Class A Common Stock 25,000 $ 1.93 D  
option (grant date (8/17/04)   (1) 08/17/2014 Class A Common Stock 35,000 $ 3.41 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MIYAOKU TAKAYUKI
C/O BALDWIN JAPAN LTD.
4-34 TOYO 2-CHOME KOHTOH-KU
TOKYO, M0 135-8384		       Vice President  

Signatures

Helen P. Oster under Power of Attorney for Takayuki Miyaoku 11/19/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Stock Option granted to Reporting Person pursuant to Issuer's 1996 Stock Option Plan, as amended, exercisable on and after the second anniversary of the date of grant as to one third the number of shares granted, on and after the third anniversary of the date of grant as to another one-third of the number of shares granted, and on and after the fourth anniversary of the date of grant as to the remaining shares.

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