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^*

MEYERS DAVID P

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EZ EM INC [ EZM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2003

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)
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 stock⁽¹⁾	07/14/2003		M		1,000	A	5.875	378,801	D
Common stock⁽¹⁾	07/14/2003		M		1,000	A	5	379,801	D
Common stock⁽¹⁾	07/14/2003		M		1,000	A	6.5	380,801	D
Common stock⁽¹⁾	07/14/2003		M		1,000	A	5.2	381,801	D
Common stock⁽²⁾	07/14/2003		J		2,430	A	0	384,231	D
Common stock⁽³⁾	07/14/2003		W		5,627	A	4.22	365,759.67	I	Remainder interest
Common stock⁽⁴⁾⁽⁵⁾	07/14/2003		W		883	A	0	366,642.67	I	Remainder interest

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)
Common stock	5.875	07/14/2003		M			1,000	05/30/1999	05/30/2008	Common stock	1,000	$0	5,000	D
Common stock	5	07/14/2003		M			1,000	05/29/2000	05/29/2009	Common stock	1,000	$0	4,000	D
Common stock	6.5	07/14/2003		M			1,000	06/03/2001	06/03/2010	Common stock	1,000	$0	3,000	D
Common stock	5.2	07/14/2003		M		1,000		06/02/2002	06/02/2011	Common stock	1,000	$0	2,000	D

Explanation of Responses:

1. The shares were acquired pursuant to the exercise of options granted on May 30, 1998, May 29, 1999, June 3, 2000, and June 2, 2001 in consideration for services as a director of the Company.

2. Represents the recent discovery of 2,430 shares titled in Mr. Meyers' name.

3. The shares were acquired by his mother pursuant to the exercise of options. Mr. Meyers has a remainder interest in such shares that was obtained under his father's will, and his mother has a life estate.

4. Represents the recent discovery of 883 shares titled in Mr. Meyers' late father's name, in which Mr. Meyers' mother has a life estate and Mr. Meyers has a remainder interest under his father's will.

5. In addition, Mr. Meyers is deemed to have indirect ownership of certain shares owned by his spouse, by virtue of his ownership of 22.55% of a partnership that owns shares in the Company, and by virtue of his spouse's ownership of 7.12% of a partnership that owns shares in the Company. Reference is made to Mr. Meyers' Form 5 for the year ended May 31, 2003 for a description of all shares in which he is deemed to have indirect ownership.

	David P. Meyers	07/15/2003
	** Signature of Reporting Person	Date
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