LCRD Lasercard Corp (MM)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR SECTION 13(E)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

LASERCARD CORPORATION

(Name of Subject Company)

AMERICAN ALLIGATOR ACQUISITION CORP.

a wholly-owned subsidiary of

ASSA ABLOY INC.

a wholly-owned subsidiary of

ASSA ABLOY AB

(Names of Filing Persons (Offerors))

COMMON STOCK, $0.01 PAR VALUE PER SHARE

(Title of Class of Securities)

51807U101

(CUSIP Number of Class of Securities)

William West

Senior Vice President and Chief Financial Officer

HID Global Corporation

c/o ASSA ABLOY Inc.

15370 Barranca Parkway

Irvine, CA 92618

Tel: (949) 732-2003

Fax: (949) 732-2120

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

Copies to:

William C. Hicks, Esq.

Matthew J. Gardella, Esq.

Edwards Angell Palmer & Dodge LLP

111 Huntington Avenue

Boston, Massachusetts 02199

Tel: (617) 239-0100

Fax: (617) 227-4420

Calculation of Filing Fee

Check the appropriate boxes below to designate any transactions to which the statement relates:

This Tender Offer Statement on Schedule TO (which, together with any amendments and supplements thereto, collectively constitute this “Schedule TO”) is filed by American Alligator Acquisition Corp. (“Purchaser”), a Delaware corporation and wholly-owned subsidiary of ASSA ABLOY Inc. (“ASSA US”), which is an Oregon corporation and wholly-owned subsidiary of ASSA ABLOY AB, a limited liability corporation organized under the laws of Sweden (“ASSA ABLOY”), to purchase all of the outstanding shares of common stock, $0.01 par value per share, of LaserCard Corporation, a Delaware corporation (“LaserCard”) (collectively the “Shares” and each share thereof a “Share”), at a purchase price of $6.25 per Share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 22, 2010 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal” which, together with the Offer to Purchase, as each may be amended and supplemented from time to time, constitute the “Offer”). This Schedule TO is being filed on behalf of Purchaser, ASSA US and ASSA ABLOY.

The information set forth in the Offer to Purchase and the Letter of Transmittal, copies of which are filed with this Schedule TO as Exhibits (a)(1)(A) and (a)(1)(B) hereto, respectively, is incorporated by reference in answers to Items 1 through 9 and Item 11 of this Schedule TO, and is supplemented by the information specifically provided in this Schedule TO.

The information set forth in the section of the Offer to Purchase entitled “Summary Term Sheet” is incorporated herein by reference.

(a) The name of the subject company and the issuer of securities to which this Schedule TO relates is LaserCard Corporation, a Delaware corporation. LaserCard’s principal executive offices are located at 1875 North Shoreline Boulevard, Mountain View, CA 94043, and its telephone number is (650) 969-4428.

(b) This Schedule TO relates to the outstanding shares of common stock, $0.01 par value per share, of LaserCard. Based on information provided by LaserCard in its representation of capitalization, as of December 14, 2010 there were 12,348,904 shares of common stock, $0.01 par value per share, of LaserCard issued and outstanding. The information set forth in the “Introduction” section of the Offer to Purchase is incorporated herein by reference.

(c) The Shares are traded on the Nasdaq Global Market under the symbol “LCRD.” The information set forth in Section 6 “Price Range of Shares; Dividends” of the Offer to Purchase is incorporated herein by reference.

(a), (b), (c) The information set forth in Section 8 “Certain Information Concerning ASSA ABLOY, ASSA US and Purchaser” and Schedule I “Directors and Executive Officers of ASSA ABLOY, ASSA US and Purchaser” of the Offer to Purchase is incorporated herein by reference.

The information set forth in the Summary Term Sheet, the Introduction, Section 1 “Terms of the Tender Offer,” Section 2 “Acceptance for Payment and Payment for Shares,” Section 3 “Procedures for Accepting the Offer and Tendering Shares,” Section 4 “Withdrawal Rights,” Section 5 “Certain United States Federal Income Tax Consequences,” Section 10 “Background of the Offer, Past Contacts or Negotiations with LaserCard,” Section 11 “The Transaction Documents,” Section 12 “Purpose of the Offer; Plans for LaserCard,” Section 13 “Certain Effects of the Offer” and Section 15 “Certain Conditions of the Offer” of the Offer to Purchase is incorporated herein by reference.

(a)(1) Other than the transactions described in Item 5(b) below, during the past two years none of ASSA ABLOY, ASSA US or Purchaser nor, to the best knowledge of ASSA ABLOY, ASSA US and Purchaser, any of the persons listed in Schedule I “Directors and Executive Officers of ASSA ABLOY, ASSA US and Purchaser” of the Offer to Purchase has entered into any transaction with LaserCard or any of LaserCard’s affiliates that are not natural persons.

(a)(2) Other than the transactions described in Item 5(b) below, during the past two years none of ASSA ABLOY, ASSA US or Purchaser nor, to the best knowledge of ASSA ABLOY, ASSA US and Purchaser, any of the persons listed in Schedule I “Directors and Executive Officers of ASSA ABLOY, ASSA US and Purchaser” of the Offer to Purchase has entered into any transaction or series of similar transactions with any executive officer, director or affiliate of LaserCard that is a natural person with an aggregate value that exceeds $60,000.

(b) The information set forth in Section 8 “Certain Information Concerning ASSA ABLOY, ASSA US and Purchaser,” Section 10 “Background of the Offer; Past Contacts or Negotiations with LaserCard,” Section 11 “The Transaction Documents” and Section 12 “Purpose of the Offer; Plans for LaserCard” of the Offer to Purchase is incorporated herein by reference.

(a),(c)(1)-(7) The information set forth in Section 10 “Background of the Offer; Past Contacts or Negotiations with LaserCard,” Section 12 “Purpose of the Offer; Plans for LaserCard” and Section 13 “Certain Effects of the Offer” of the Offer to Purchase is incorporated herein by reference.

(a), (b), (d) The information set forth in Section 9 “Source and Amount of Funds” of the Offer to Purchase is incorporated herein by reference.

(a), (b) The information set forth in the “Introduction,” Section 8 “Certain Information Concerning ASSA ABLOY, ASSA US and Purchaser,” Section 10 “Background of the Offer; Past Contacts or Negotiations with LaserCard,” Section 11 “The Transaction Documents,” Section 12 “Purpose of the Offer; Plans for LaserCard” and Schedule I of the Offer to Purchase is incorporated herein by reference.

(a) The information set forth in Section 18 “Fees and Expenses” of the Offer to Purchase is incorporated herein by reference.

Not applicable.

(a)(1) Except as disclosed in Items 1 through 10 above, there are no present or proposed material agreements, arrangements, understandings or relationships between (i) ASSA ABLOY, ASSA US, Purchaser or any of their respective executive officers, directors, controlling persons or subsidiaries and (ii) LaserCard or any of its executive officers, directors, controlling persons or subsidiaries.

(a)(2)-(4) The information set forth in Section 13 “Certain Effects of the Offer,” Section 15 “Certain Conditions of the Offer,” and Section 16 “Certain Legal Matters; Regulatory Approvals” of the Offer to Purchase is incorporated herein by reference.

(a)(5) None.

(b) The information set forth in the Offer to Purchase and the Letter of Transmittal, copies of which are attached hereto as Exhibits (a)(1)(A) and (a)(1)(B), respectively, to the extent not otherwise incorporated herein by reference, is incorporated herein by reference.

See Exhibit Index following the Signature Page.

Not applicable.

SIGNATURES

After due 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: December 22, 2010

Dated: December 22, 2010

Dated: December 22, 2010

EXHIBIT INDEX

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