FORM 4
U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(f)
of the Investment Company Act of 1940.
|_| Check this box if no longer OMB APPROVAL
subject to Section 16. Form 4 OMB Number 3235-0287
or Form 5 obligations may Expires: February 1, 1994
continue. See Instruction 1(b). Estimated average burden
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<C> <C> <C>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Young J. William Advanced Machine Vision Corporation (AMVC) Issuer (Check all applicable)
------------------------------------ ----------------------------------------
(Last) (Middle) (First) 3. IRS or Social Security Number of |x| Director |_| 10% Owner
2067 Commerce Drive Reporting Person (Voluntary) |x| Officer |_| Other
------------------------------------ (give title (specify
(Street) 4. Statement for Month/Year below) below)
Medford Oregon 97504 July 1998
------------------------------------ ---------------------------------------- President and Chief Exec. Officer
(City) (State) (Zip) 5. If Amendment, Date of Original
(Month/Year)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security | 2. Transaction Date | 3. Transaction | 4. Securities Acquired |5. Amount of |6. Ownership |7. Nature
(Instr. 3) | (Month/Day/Year) | Code | (A) or Disposed of(D)| Securities | Form: Direct | Indirect
| | (Instr. 8) | (Instr. 3, 4 and 5) | Beneficially| (D) or | Beneficial
| | | | Owned at | Indirect (I) | Ownership
| | | | End of Month| (Instr. 4) | (Instr. 4)
| | | | (Instr. 3&4)| |
| |----------------|-------------------------| | |
| | Code | V | Amount | (A) or | Price | | |
| | | | | or | | | |
| | | | | (D) | | | |
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
Class A Common Stock | 7/09/98 | P | | 1,200 | A | $1.81 | 341,700 (3) | D & I | (3)
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
| | | | | | | | |
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
| | | | | | | | |
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
| | | | | | | | |
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
| | | | | | | | |
- ---------------------|---------------------|--------|-------|--------|--------|-------|--------------|----------------|-------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or type responses) (OVER)
SEC 1474 (8/92)
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FORM 4 (continued)
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Title of |2. Conver- |3. Trans- |4. Trans- |5. Number |6. Date |7. Title |8. Price |9. Number |10. Owner- |11. Nature
Derivative| sion or | action | action | of | Exercis- | and | of | of | ship | of
Security | Exercise | Date | Code | Deriva- | able and | Amount | Deriva-| Deriva-| Form | Indirect
| Price of | (Month/ | | tive | Expira- | of | tive | tive | of | Beneficial
| Deriva- | Day/ | | Securi- | tion | Under- | Securi-| Securi-| Deriva-| Ownership
| tive | Year) | | ties | Date | lying | ty | ties | tive |
| Security | | | Acquired| (Month/ | Securi-| | Benefi-| Secur- |
| | | | (A) or | Day/ | ties | | cially | ity |
| | | | Disposed| Year) | | | Owned | Direct |
| | | | (D) of | | | | at End | (D) or |
| | | | | | | | of | In- |
| | | | | | | | Month | direct |
| | | | | | | | | (I) |
| | | | | | | | | |
| | | (Instr. | (Instr. 3,| | (Instr. | (Instr. | (Instr. | (Instr. | (Instr.
(Instr. 3) | | | 8) | 4 and 5) | | 3 & 4) | 5) | 4) | 4) | 4)
- -------------|------------|-----------|-----------|-----------|------------|----------|----------|----------|-----------|-----------
| | |Code | V |(A) | (D)|Date|Expira-|Title|Amount| | | |
| | | | | | |Exer| tion | |or | | | |
| | | | | | |cis-| Date | |Number| | | |
| | | | | | | | | |Shares| | | |
- -------------|------------|-----------|-----|-----|-----|-----|----|-------|-----|------|--------|----------|-----------|-----------
Options (1) | $1.00 | | | | | |2/5/| 2/5/ |Class| 500, | | 500,000 | D |
| | | | | | |1995| 2005 |A | 000 | | | |
| | | | | | | | |Common | | | |
| | | | | | | | |Stock| | | | |
- -------------|------------|-----------|-----|-----|-----|-----|----|-------|-----|------|--------|----------|-----------|-----------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- -------------|------------|-----------|-----|-----|-----|-----|----|-------|-----|------|--------|----------|-----------|-----------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- -------------|------------|-----------|-----|-----|-----|-----|----|-------|-----|------|--------|----------|-----------|-----------
Explanation of Responses:
(1) Previously reported. Options granted pursuant to the Company's 1994 Stock Option Plan. All are vested.
(2) 95,000 of these shares resulted from a grant of restricted stock pursuant to a Restricted Stock Agreement. Restrictions lapse on
1/10/00 subject to (i) continued employment of Reporting Person and (ii) payment by the Reporting Person of $1.80 per share to
the Company. 12,500 shares cannot be traded until 1/1/99. 234,200 shares are unrestricted.
(3) 31,000 shares are owned by Spouse as Trustee for William Trent Young (Minor Child).
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U. S. C. 1001 and 15 U.S.C. 78ff (a). /s/ William J. Young 8/4/98
________________________________ _____________
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially (Page 2)
owned directly or indirectly. (Print or type responses) SEC 1474 (8/92)
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