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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
John B. Torkelsen
240 Library Place
Princeton, NJ 08540
2. Issuer Name and Ticker or Trading Symbol
Princeton Video Image, Inc. "PVII"
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
April, 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable) (X) Director ( ) 10% Owner ( ) Officer (give
title below) ( ) Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Owner-
-------------------------------------- End of Month (D) or ship
Indirect
(Month/ (I)
Day/ (A) or (Instr.4)
Year) Code V Amount (D) Price (Instr.3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 4/14/99 S 2,000 D $7.50 I By Limited
Partner-
ship(1)
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Common Stock 4/15/99 S 500 D $6.88 I By Limited
Partner-
ship(1)
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Common Stock 4/15/99 S 500 D $6.78 I By Limited
Partner-
ship(1)
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Common Stock 4/16/99 S 1,000 D $7.75 I By Limited
Partner-
ship(1)
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Common Stock 4/16/99 S 1,000 D $7.38 I By Limited
Partner-
ship(1)
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Common Stock 4/19/99 S 500 D $7.78 I By Limited
Partner-
ship(1)
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Common Stock 4/19/99 S 500 D $8.00 I By Limited
Partner-
ship(1)
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Common Stock 4/19/99 S 500 D $7.75 I By Limited
Partner-
ship(1)
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Common Stock 4/28/99 S 2,000 D $7.50 6,500 I By Limited
Partner-
ship(1)
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Common Stock 5,992 I By Wife(2)
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================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(1) Acorn Technology Fund, L.P.
(2) The Reporting Person disclaims beneficial ownership of these securities,
and this report shall not be deemed an admission that the Reporting
Person is the beneficial owner of such securities for purposes of
Section 16 or for any other purpose.
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FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title of 2.Conver- 3.Trans- 4.Trans- 5.Number of Deriv- 6.Date Exer- 7.Title and 8.Price 9.Number 10.Owner- 11.Nature
Derivative sion or action action ative Securities cisable and Amount of of of deriv- ship of
Security Exercise Date Code Acquired (A) or Expiration Underlying Deriv- ative form of Indirect
(Instr.3) Price of (Instr.8) Disposed of (D) Date Securities ative Secur- Deriv- Benefi-
Deri- (Month/ (Instr. 3,4, and 5) (Month/Day/ (Instr. Secur- ities ative cial
vative Day/ Year) 3 and 4) ity Bene- Security Owner-
Security Year) (Instr. ficially Direct ship
-------------------------- 5) Owned at (D) or (Instr.4)
End of Indirect
----------------------------- Date Expira Title Amount Month (1)
Exer- -tion or Number (Instr.4) (Instr.4)
cisable Date of Shares
Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
/s/ John B. Torkelsen 5/7/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedures.
