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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
OMB APPROVAL
---------------
OMB Number 3235-0287
Expires: September 30, 1998
Estimated average
burden hours per
response ........................0.5
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 Instruction 1(b).
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
(Print or Type Responses)
- ---------------------------------- ---------------------------------------------
1. Name and Address of 2. Issuer Name and Ticker
Reporting Person or Trading Symbol
ASV, Inc. (ASVI)
Dahl James H.
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(Last) (First) (Middle) 3. IRS or Social Security
Number of Reporting
1200 Riverplace Blvd., Suite 920 Person (Voluntary)
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(Street)
Jacksonville FL 32207
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(City) (State) (Zip)
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4. Statement for 5. If Amendment, Date of Original
Month/Year (Month/Year)
October 1998
6. Relationship of Reporting Person to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give _____ Other (specify
title below) 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
<PAGE>
<TABLE>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<CAPTION>
1. Title of 2. Trans- 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature of
Security action action Acquired (A) Securities Form: Indirect
(Instr. 3) Date Code or Disposed of (D) Beneficially Direct (D) Beneficial
(Month/ (Instr. 8) (Instr. 3, 4 and 5) Owned at End or Indirect Ownership
Day/ of Month (Instr. (I) (Instr. 4) (Instr. 4)
3 and 4)
--------------------------------------------
(A) or
Code V Amount (D) Price
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/23/98 P 15,000 A $20.00 626,967 I By Rock Creek
Partners, Ltd.
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Common Stock 10/23/98 S 7,000 D $19.969 70,550 I By Trust FBO
Son
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Common Stock 10/23/98 S 8,000 D $19.969 70,150 I By Trust FBO
Daughter
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
SEC 1474 (7/96)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
<PAGE>
<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 6. Date Exer- 7. Title and Amount
Derivative sion or action action Derivative cisable and of Underlying
Security Exercise Date Code Securities Expiration Date Securities
(Instr. 3) Price of Month/ (Instr. Acquired (Month/Day/ (Instr. 3 and 4)
Deriv- Day/ 8) (A) or Year)
ative Year) Disposed
Security of (D)
(Instr.
3, 4 and
5)
----------------------------------------------------
Date Expiration Title Amount or
Exer- Date Number of
cisable Shares
------------------------------
Code V (A) (D)
- ---------------------------------------------------------- ------ ----- ------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Warrants $1.73 9/11/98 X D 5/3/96 8/17/99 Common 180,000
Stock
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Warrants $1.73 9/11/98 X D 6/20/96 8/17/99 Common 22,500
Stock
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Common Stock
Options $12.11 12/21/97 Common 2,812
Stock
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Common Stock
Options $12.11 12/21/97 Common 2,812
Stock
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Common Stock
Options $12.11 12/21/97 Common 2,812
Stock
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Common Stock
Options $12.11 12/21/97 Common 2,812
Stock
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Convertible
Subordinated $16.50 10/8/96 10/15/06 Common 136,363
Debenture Stock
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Common Stock
Options $18.33 12/12/98 12/12/02 Common 3,758
Stock
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Common Stock
Options $18.33 12/12/99 12/12/02 Common 3,758
Stock
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Common Stock
Options $18.33 12/12/00 12/12/02 Common 3,758
Stock
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Common Stock
Options $18.33 12/12/01 12/12/02 Common 3,758
Stock
<CAPTION>
8. Price 9. Number 10. Owner- 11. Nature of
of of Deriv- ship Form In-direct
Deriv- ative Secu- of Derivative Beneficial
ative rities Bene- Security; Ownership
Secu- ficially Direct (Instr. 4)
rity Owned at (D) or
(Instr. End of Indirect (I)
5) Month (Instr. 4)
(Instr. 4)
<S> <C> <C> <C>
0 1 By Rock
CreekPartners,
Ltd.
- -------------------------------------------------------------------------------------------
0 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 1 By Rock Creek
Partners, Ltd.
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
- -------------------------------------------------------------------------------------------
1 D
</TABLE>
Explanation of Responses:
J - On exercise of warrants shares were withheld to pay the exercise price after
approval in advance by the Board of Directors of ASV, Inc. in accordance with
the requirements of Rule 16b-3(e).
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/James H. Dahl 11/10/98
See 18 U.S.C. 1001 and ** Signature of Reporting Person Date
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 procedure. Potential
persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB
Number.
Page 2
SEC 1474 (7/96)
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