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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
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Objective Systems Integrators, Inc.
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
674424 10 6
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
1 of 6 Pages
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CUSIP NO. 674424 10 6 13G PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard G. Vento
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Nevada
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SOLE VOTING POWER
5
NUMBER OF 6,150,569
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 6,150,569
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
6,150,569
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
18.0%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
2 of 6 Pages
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CUSIP NO. 674424 10 6 13G PAGE 3 OF 6 PAGES
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ITEM 1.
(a) Name of Issuer: Objective Systems Integrators, Inc.
(b) Address of Issuer's Principal Executive Offices: 100 Blue Ravine Road
Folsom, CA 95630
ITEM 2.
(a) Name of Person Filing: This statement is being filed by Richard G.
Vento (the "Reporting Person"). The shares of Common Stock indicated in
No. 9 on page 2 of this statement are hereinafter referred to as "the
Reported Shares." Reporting Person is the manager of Vento L.L.C.,
Nicole Vento L.L.C., Renee Vento L.L.C., and Gail Vento L.L.C.,
Colorado limited liability companies (the "LLCs"), and shares voting
and investment power over the shares of Common Stock held by the LLCs.
Vento L.L.C. beneficially owns 2,308,986 shares of Common Stock, Nicole
Vento L.L.C. beneficially owns 1,267,326 shares of Common Stock, Renee
Vento L.L.C. beneficially owns 1,267,326 shares of Common Stock and
Gail Vento L.L.C. beneficially owns 1,267,326 shares of the Common
Stock. The LLCs' beneficial ownership of those shares is direct.
The Reporting Person beneficially owns by direct ownership
39,605 shares of the Common Stock (the "Direct Shares"). Reporting
Person's beneficial ownership of the remainder of the Common Stock
is indirect as a result of his control of the LLCs. The beneficial
ownership of Reporting Person is reported because Rule 13d-1(a)
and (b) under the Securities Exchange Act of 1934, as amended,
requires any person who is "directly or indirectly" the beneficial
owner of more than five percent of any equity security of a specified
class to file a Schedule 13G within the specified time period.
The answers in blocks 6, 8, 9 and 11 on page 2 above and in response
to item 4 by Reporting Person are given on the basis of the Reporting
Person's direct ownership of the Direct Shares as well as on the
basis of the "indirect" beneficial ownership referred to in such
Rule, based on the direct beneficial ownership of Common Stock by the
LLCs and the relationship of Reporting Person to the LLCs referred
to above.
(b) Address of Principal Business Office or, if none, Residence
Reporting Person's Principal Business office is located at: 865
Tahoe Blvd., Suite 203, Incline Village, NV 89451
3 of 6 Pages
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CUSIP NO. 674424 10 6 13G PAGE 4 OF 6 PAGES
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LLCs' Principal Business office is located at: 2676 West Alamo
Avenue, Littleton, CO 80120
(c) Citizenship:
Reporting Person is a United States citizen.
The LLCs are Colorado limited liability companies.
(d) Title of Class of Securities: Common Stock, $.001 par value
(e) CUSIP Number: 674424 10 6
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON IS A:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of the
Act
(d) [_] Investment Company registered under section 8 of the
Investment Company Act
(e) [_] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund, see (S)240.13d-
1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with (S)240.13d-
1(b)(ii)(G) (Note: See Item 7)
(h) [_] Group, in accordance with (S)240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: Reporting Person indirectly owns
6,110,964 shares of Common Stock and directly owns 39,605 shares of
Common Stock. (1)
(b) Percent of Class: 18.0%
(c) Number of shares as to which such person has:
__________
(1) Excludes 39,605 shares of Common Stock beneficially owned by spouse of
Reporting Person of which Reporting Person disclaims beneficial
ownership.
4 of 6 Pages
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CUSIP NO. 674424 10 6 13G PAGE 5 OF 6 PAGES
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(i) sole power to vote or to direct the vote: 6,150,569*
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or direct the disposition of: 6,150,569*
(iv) shared power to dispose or direct the disposition of: -0-
*SEE ITEM 2 FOR THE ENTITIES IN WHICH THE SHARES ARE HELD.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more that
five percent of the class of securities, check the following [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
5 of 6 Pages
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CUSIP NO. 674424 10 6 13G PAGE 6 OF 6 PAGES
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ITEM 10.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable 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.
January 28, 1998
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Date
/s/ Richard G. Vento
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Signature
Richard G. Vento/Co-Chief Executive Officer
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Name/Title
6 of 6 Pages
