UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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 Instructions 1(b).
1. Name and Address of Reporting Persons
John B. Torkelsen Princeton Venture Research, Inc.
240 Library Place 5 Vaughn Drive
Princeton, NJ 08540 Princeton, NJ 08540
2. Issuer Name and Ticker or Trading Symbol
Objective Communications, Inc. "OCOM"
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable) (X) Director (X) 10% Owner ( ) Officer (give
title below) ( ) Other (specify below)
Mr. Torkelsen is a director of the issuer, Objective
Communications, Inc.
Princeton Venture Research, Inc., a corporation wholly owned
by Mr. Torkelsen, is a 10% owner of the issuer.
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Owner-
-------------------------------------- End of Month (D) or ship
(Month/ Indirect
Day/ (A) or (Instr.3 and 4) (1)
Year) Code V Amount (D) Price (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 8/28/98 S 10,000 D $4.20 518,041 (1) (1)
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Common Stock 20,000 I by Spouse(2)
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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 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>
1.Title of 2.Conver 3.Trans- 4.Trans- 5.Number of Deriv- 6.Date Exer- 7.Title and 8.Price 9.Number 10.Owner- 11.Nature
Derivative sion or action action ative Securities cisable and Amount of of of deriv- ship of
Security Exercise Date Code Acquired (A) or Expiration Underlying Deriv- ative form of Indirect
(Instr.3) Price of (Instr.8) Disposed of (D) Date Securities ative Secur- Deriv- Benefi-
Deri- (Month/ (Instr. 3,4, and 5) (Month/Day/ (Instr. Secur- ities ative cial
vative Day/ Year) 3 and 4) ity Bene- Security Owner-
Security Year) (Instr. ficially Direct ship
-------------------------- 5) Owned at (D) or (Instr.4)
End of Indirect
----------------------------- Date Expira Title Amount Month (1)
Exer- -tion or Number (Instr.4) (Instr.4)
cisable Date of Shares
Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Such shares are directly held by Princeton Venture Research, Inc., a
corporation wholly owned by Mr. Torkelsen.
(2) Such shares are owned by Mr. Torkelsen's wife. Mr. Torkelsen disclaims
beneficial ownership of these shares.
The sale reported herein was made for the purpose of satisfying Princeton
Venture Research, Inc.'s margin requirements.
/s/ John B. Torkelsen October 9, 1998
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**Signature of Reporting Person Date
Princeton Venture Research, Inc.
By: /s/ John B. Torkelsen, President October 9, 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 procedures.
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