<PAGE>
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
Princeton Venture Research, Inc.
5 Vaughn Drive
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 31, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable) ( ) 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>
- ------------------------------------------------------------------------------
Table I -- Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
- ------------------------------------------------------------------------------
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)
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------
================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible securities)
===========================================================================
<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)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Warrant Common
to Purchase $4.00 9/29/97 S4 100,000 1/24/97 1/24/01 Stock 100,000 (1) 57,620 D
- ---------------------------------------------------------------------------------------------------------------------------------
==================================================================================================================================
</TABLE>
Explanation of Responses:
(1) Contribution to a limited partnership. The manager of such limited
partnership's general partner is the 100% owner and president of the
reporting person.
Princeton Venture Research, Inc.
By: /s/ John B. Torkelsen October 9, 1998
- ------------------------------------ ------------------------
** 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.
<PAGE>