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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL 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).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
John B. Torkelsen
240 Library Place
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
December 1997
5. If Amendment, Date of Original (Month/Year)
February 1998
6. Relationship of Reporting Person(s) 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
<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
(Month/ (Instr. 8) Owned at End Direct Ownership
Day/ --------------------------- of Issuer's (D) or (Instr. 4)
Year) Fiscal Year Indirect
(A) or (Instr. 3 (I)
Amount (D) Price and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 04/17/97 G 4 258,041 D D
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Common Stock 04/17/97 G 4 258,041 A I by Corp.
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Common Stock 09/24/97 G 4 250,000 D I by L.P.(1)
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Common Stock 09/24/97 G 4 250,000 A 528,041 I by Corp.
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Common Stock 20,000(2) I by Spouse
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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 5 (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 Year (1)
Exer- -tion or Number (Instr.4) (Instr.4)
cisable Date of Shares
Code (A) (D)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Option to $6.625 4/10/97 A4 6,200 (3) 4/10/02 Common 6,200 (3) D
Purchase Stock
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Warrant Common
to Purchase $4.00 4/17/97 G4 152,620 1/24/97 1/24/01 Stock 152,620 D
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Warrant Common
to Purchase $4.00 4/17/97 G4 152,620 1/24/97 1/24/01 Stock 152,620 57,620 I by Corp.
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Warrant Common
to Purchase $4.00 9/24/97 G4 50,000 1/22/97 1/22/02 Stock 50,000 I by L.P.(1)
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Warrant Common
to Purchase $4.00 9/24/97 G4 50,000 1/22/97 1/22/02 Stock 50,000 50,000 I by Corp.
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Warrant Common
to Purchase $4.00 9/29/97 S4 100,000 1/24/97 1/24/01 Stock 100,000 (4) I by Corp.
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Warrant Common
to Purchase $4.00 9/29/97 P4 100,000 1/24/97 1/24/01 Stock 100,000 (4) 100,000 I by L.P.(5)
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Warrant Common
to Purchase $4.00 1/24/97 1/24/01 Stock 5,000 5,000(6) I by Spouse
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Explanation of Responses:
(1) By a limited partnership of which Mr. Torkelsen was the manager of the
general partner.
(2) Such shares are owned by Mr. Torkelsen's wife. Mr. Torkelsen disclaims
beneficial ownership of these shares.
(3) The option vests in three equal annual installments beginning on
April 10, 1998.
(4) Contribution to a limited partnership.
(5) By a limited partnership of which Mr. Torkelsen is the manager of the
general partner.
(6) Such warrants are owned by Mr. Torkelsen's wife. Mr. Torkelsen disclaims
beneficial ownership of these warrants.
/s/ John B. Torkelsen November 10, 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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