SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FUSFIELD GLENN

(Last)

(First)

(Middle)

C/O STEINER MANAGEMENT SERVICES

770 S. DIXIE HIGHWAY - SUITE 200

(Street)

CORAL GABLES

33146

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STEINER LEISURE LTD [ STNR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	03/01/2005		M		28,930	A	$18.15	37,930	D
Common Shares	03/01/2005		M		10,820	A	$13.1	48,750	D
Common Shares	03/01/2005		M		6,834	A	$14.19	55,584	D
Common Shares	03/01/2005		M		1,578	A	$17.59	57,162	D
Common Shares	03/01/2005		S		10,820	D	$32.85	46,342	D⁽¹⁾
Common Shares	03/01/2005		S		6,834	D	$32.85	39,508	D⁽²⁾
Common Shares	03/01/2005		S		1,578	D	$32.85	37,930	D⁽³⁾
Common Shares	03/01/2005		S		2,989	D	$32.85	34,941	D⁽⁴⁾
Common Shares	03/01/2005		S		1,900	D	$32.86	33,041	D⁽⁴⁾
Common Shares	03/01/2005		S		400	D	$32.9	32,641	D⁽⁴⁾
Common Shares	03/01/2005		S		300	D	$32.91	32,341	D⁽⁴⁾
Common Shares	03/01/2005		S		200	D	$32.92	32,141	D⁽⁴⁾
Common Shares	03/01/2005		S		800	D	$32.94	31,341	D⁽⁴⁾
Common Shares	03/01/2005		S		17,277	D	$32.95	14,064	D⁽⁴⁾
Common Shares	03/01/2005		S		5,064	D	$33	9,000	D⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Share Option (Right to Buy)	$17.59	03/01/2005		M			1,578	11/15/2001	11/15/2010	Common shares	1,578	$17.59	0	D
Director Share Option (Right to Buy)	$18.15	03/01/2005		M			28,930	11/26/2002	11/26/2011	Common shares	28,930	$18.15	0	D
Employee Share Option (Right to Buy)	$13.1	03/01/2005		M			10,820	12/12/2003	12/11/2012	Common shares	10,820	$13.1	10,822	D
Employee Share Option (Right to Buy)	$14.19	03/01/2005		M			6,834	12/12/2004	12/11/2013	Common shares	6,834	$14.19	13,666	D

Explanation of Responses:

1. This option vested in three equal installments on 12/12/03, 12/12/04 and 12/12/05

2. This option vested in three equal installments on 12/12/04, 12/12/05 and 12/12/06

3. This option vested in three equal installments on 11/15/01, 11/15/02 and 11/15/03

4. This option vested in three equal installments on 11/26/02, 11/26/03 and 11/26/04

Remarks:

	Glenn Fusfield	03/03/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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 is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.