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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* WISE ALLEN F (Last) (First) (Middle) (Street) (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol COVENTRY HEALTH CARE INC [ CVH ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) President and CEO
	3. Date of Earliest Transaction (Month/Day/Year) 08/04/2003
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	08/04/2003		M		67	A	$28.55	375,784(2)	D(3)
Common Stock	08/04/2003		S		67	D	$52.83	375,717	D(3)
Common Stock	08/04/2003		M		200	A	$28.55	375,917(4)	D(5)
Common Stock	08/04/2003		S		200	D	$52.82	375,717	D(5)
Common Stock	08/04/2003		M		6,100	A	$28.55	381,817(6)	D(7)
Common Stock	08/04/2003		S		6,100	D	$52.5	375,717	D(7)
Common Stock	08/04/2003		M		1,100	A	$28.55	376,817(8)	D(9)
Common Stock	08/04/2003		S		1,100	D	$52.2	375,717	D(9)
Common Stock	08/04/2003		M		15,700	A	$28.55	391,417(10)	D(11)
Common Stock	08/04/2003		S		15,700	D	$52.12	375,717	D(11)
Common Stock	08/04/2003		M		500	A	$28.55	376,217(12)	D(13)
Common Stock	08/04/2003		S		500	D	$52.13	375,717	D(13)
Common Stock	08/04/2003		M		2,100	A	$28.55	377,817(14)	D(15)
Common Stock	08/04/2003		S		2,100	D	$52.15	375,717	D(15)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock	$28.55	08/04/2003		M		25,767		05/22/2003	05/22/2012	Common Stock	25,767	$0	349,950	D

Explanation of Responses:

1. Mr. Wise's address is: 6705 Rockledge Dr., #900, Bethesda, MD 20817.

2. Includes the following: Table I- Non-Derivative Securities comprised of 67 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

3. See Footnote #2 for shares held directly and indirectly.

4. Includes the following: Table I- Non-Derivative Securities comprised of 200 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

5. See Footnote #4 for shares held directly and indirectly.

6. Includes the following: Table I- Non-Derivative Securities comprised of 6,100 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

7. See Footnote #6 for shares held directly and indirectly.

8. Includes the following: Table I- Non-Derivative Securities comprised of 1,100 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

9. See Footnote #8 for shares held directly and indirectly.

10. Includes the following: Table I- Non-Derivative Securities comprised of 15,700 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

11. See Footnote #10 for shares held directly and indirectly.

12. Includes the following: Table I- Non-Derivative Securities comprised of 500 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

13. See Footnote #12 for shares held directly and indirectly.

14. Includes the following: Table I- Non-Derivative Securities comprised of 2,100 shares acquired pursuant to the exercise of an option held directly, 4,637 shares held by managed account, 371,080 shares held outright as awards of restricted common stock vesting over 3 year periods.

15. See Footnote #14 for shares held directly and indirectly.

	Shirley R. Smith by attached Power of Attorney	08/04/2003
	** 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).
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