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 Person
Knipe, Peter W.
STV Group, Incorporated
205 West Welsh Drive
Douglassville, PA 19518
2. Issuer Name and Ticker or Trading Symbol
STV Group, Incorporated
STVI
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
03/31/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Secretary/Treasurer
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. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |3/17/9|F | |2,256 |D |$20.50 | | | |
|8 | | | | | | | | |
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Common Stock |3/17/9|M | |5,000 |A |$4.125 | | | |
|8 | | | | | | | | |
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Common Stock |3/17/9|M | |5,000 |A |$5.125 | | | |
|8 | | | | | | | | |
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Common Stock |3/27/9|J (1| |1,676 |D |$18.88 |18,760 (2) | | |
|8 |) | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |$4.125 |3/17/|M | |5,000 |D |2/11/|2/11/|Common Stock|5,000 | |0 |D | |
(right to buy) | |98 | | | | |93 |03 | | | | | | |
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Employee Stock Option |$5.125 |3/17/|M | |5,000 |D |3/30/|3/30/|Common Stock|5,000 | |0 |D | |
(right to buy) | |98 | | | | |95 |05 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) The reporting person transferred the shares to the Company at $18.88 per
share, the closing price on March
17, 1998, in order to repay $25,000 of principal and $6,642.26 of interest owed
to the Company in connection
with a loan made by the Company to the reporting person in 1995 to acquire
certain shares of the Company's
common stock from a resigning
officer.
(2) Includes 5,692 shares held in the Employee Stock Ownership Plan of the
Company. The reporting person
possesses voting power, but not the power to dispose of such
shares.
The filing of this Statement shall not be construed as an admission (a) that
the person filing this Statement is, for
the purposes of Section 16 of the Securities Exchange Act of 1934 (as amended),
the beneficial owner of any
equity securities covered by this Statement, or (b) that this Statement is
legally required to be filed by such
person.
SIGNATURE OF REPORTING PERSON
Peter W. Knipe
DATE
April 8, 1998
