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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP
1. Name and Address of Reporting Person
Dennis P. Wilkinson
500 Hillbrook Road
Bryn Mawr, PA 19010
2. Date of Event Requiring Statement (Month/Day/Year)
11/23/98
3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Princeton Video Image, Inc. "PVII"
5. Relationship of Reporting Person to Issuer (Check all
applicable) ( ) Director ( ) 10% Owner (X) Officer (give
title below) ( ) Other (specify below)
President and Chief Executive Officer
6. If Amendment, Date of Original (Month/Day/Year)
12/03/98
7. Individual or Joint/Group Filing (Check applicable line)
(X) Form filed by One Reporting Person
( ) For filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of
(Instr. 4) Beneficially Owned Form: Direct Indirect
(Instr. 4) (D) or Indirect Beneficial
(I) (Instr. 5) Ownership
(Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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FORM 3 (continued)
Table II -- Derivative Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<CAPTION>
1. Title of Derivative 2. Date Exer- 3. Title and Amount 4. Conversion 5. Ownership 6. Nature of
Security (Instr. 4) cisable and of Securities or Exercise Form of Indirect
Expiration Underlying Price of Derivative Beneficial
Date (Month/ Derivative Security Derivative Security: Ownership
Day/Year) (Instr. 4) Security Direct (D) (Instr. 5)
------------------------------------------- or Indirect
Date Expiration Title Amount or (I) (Instr. 5)
Exer- Date Number of
cisable Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
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Option to Purchase (1) 11/23/08 Common Stock 200,000 $4.5625 D --
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Option to Purchase (2) 11/23/08 Common Stock (2) $7.00 D --
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</TABLE>
Explanation of Responses:
(1) 5,555.56 shares become exercisable monthly, commencing on December 1, 1998,
over a period of three years.
(2) Up to 200,000 shares become exercisable in annual installments in amounts
of up to 50,000 shares per year for the fiscal years ending June 30, 1999,
2001 and 2002, and up to 75,000 for the fiscal year ending June 30, 2000.
The number of shares which vest each year will be based upon annual fiscal
milestones for each of such fiscal years, and in the case of the fiscal year
ending June 30, 2000, the preceding fiscal year. The vesting date for such
shares shall be the date of the Issuer's independent auditor's final report
containing audited financial statements for each applicable year.
/s/ Dennis P. Wilkinson January 8, 1999
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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.
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