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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
________________________________________________________________________________
1. Name and Address of Reporting Person*
Dahl James H.
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(Last) (First) (Middle)
1200 Riverplace Blvd., Suite 920
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(Street)
Jacksonville FL 32207
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
ASV, Inc. (ASVI)
________________________________________________________________________________
3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
August 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 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
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 09/11/98 X 180,000 A $1.73 I By Rock
Creek
Partners,
Ltd.
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Common Stock 09/11/98 J 12,933 D $24.125 611,967 I By Rock
Creek
Partners,
Ltd.
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Common Stock 09/11/98 X 22,500 A $1.73 D
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Common Stock 09/11/98 J 1,617 D 20,883 D
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Common Stock 77,550 I By Trust
FBO Son
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Common Stock 78,150 I By Trust
FBO
Daughter
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Warrants $1.73 9/11/98 X D 05/03/96 08/17/99 Common 180,000 0 I By Rock
Stock Creek
Partners,
Ltd.
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Warrants $1.73 9/11/98 X D 06/20/96 08/17/99 Common 22,500 0 D
Stock
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Common Stock $12.11 12/21/97 Common 2,812 1 D
Options Stock
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Common Stock $12.11 12/21/97 Common 2,812 1 D
Options Stock
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Common Stock $12.11 12/21/97 Common 2,812 1 D
Options Stock
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Common Stock $12.11 12/21/97 Common 2,812 1 D
Options Stock
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Convertible $16.50 10/08/96 10/15/06 Common 136,363 1 I By Rock
Subordinated Stock Creek
Debenture Partners,
Ltd.
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Common Stock $18.33 12/12/98 12/12/02 Common 3,758 1 D
Options Stock
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Common Stock $18.33 12/12/99 12/12/02 Common 3,758 1 D
Options Stock
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Common Stock $18.33 12/12/00 12/12/02 Common 3,758 1 D
Options Stock
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Comon Stock $18.33 12/12/01 12/12/02 Common 3,758 1 D
Options Stock
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</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).
/s/ James H. Dahl October 8, 1998
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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 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)
