# gs -sDEVICE=pdfwrite -dCompatibilityLevel=<VERSION> -dPDFSETTINGS=/screen -dNOPAUSE -dQUIET -dBATCH -sOutputFile=output.pdf input.pdf

[14:08:41]lee@barlow:~/superuser # pdfinfo org_1-4.pdf
Title:          CV 2009
Producer:       Prince 7.0 alpha 16 (www.princexml.com)
Tagged:         no
Pages:          3
Encrypted:      no
Page size:      595 x 842 pts (A4)
File size:      51793 bytes
Optimized:      no
PDF version:    1.4
[14:08:59]lee@barlow:~/superuser # gs -sDEVICE=pdfwrite -dCompatibilityLevel=1.5 -dPDFSETTINGS=/screen -dNOPAUSE -dQUIET -dBATCH -sOutputFile=out_1.5.pdf org_1-4.pdf
[14:09:35]lee@barlow:~/superuser # pdfinfo out_1.5.pdf
Producer:       GPL Ghostscript 8.64
CreationDate:   Wed Aug 19 14:09:34 2009
ModDate:        Wed Aug 19 14:09:34 2009
Tagged:         no
Pages:          3
Encrypted:      no
Page size:      595 x 842 pts (A4)
File size:      60658 bytes
Optimized:      no
PDF version:    1.5