-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 I525wQV4G96Zg5PVJ+ZL0GtZtDRQC4uqdOPunX0RWkvU9OUc962sKtVDoBbE0GME
 LBZhMNaKC9o7Q7P9wECU1A==

<SEC-DOCUMENT>0001181431-06-049968.txt : 20060829
<SEC-HEADER>0001181431-06-049968.hdr.sgml : 20060829
<ACCEPTANCE-DATETIME>20060829093645
ACCESSION NUMBER:		0001181431-06-049968
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060717
FILED AS OF DATE:		20060829
DATE AS OF CHANGE:		20060829

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNAMIC HEALTH PRODUCTS INC
		CENTRAL INDEX KEY:			0000949925
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				341711778
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		6950 BRYAN DAIRY ROAD
		STREET 2:		STE 325
		CITY:			LARGO
		STATE:			FL
		ZIP:			33777
		BUSINESS PHONE:		8136280804

	MAIL ADDRESS:	
		STREET 1:		5905-A HAMPTON OAKS PARKWAY
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33610

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NU WAVE HEALTH PRODUCTS INC
		DATE OF NAME CHANGE:	19980410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIRECT RX INC
		DATE OF NAME CHANGE:	19970820

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TANEJA JUGAL K
		CENTRAL INDEX KEY:			0001195136

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23031
		FILM NUMBER:		061060536

	BUSINESS ADDRESS:	
		STREET 1:		12505 STARKEY RD STE A
		CITY:			LARGO
		STATE:			FL
		ZIP:			33773
		BUSINESS PHONE:		7275330431

	MAIL ADDRESS:	
		STREET 1:		12505 STARKEY RD STE A
		CITY:			LARAGO
		STATE:			FL
		ZIP:			33773

	FORMER NAME:	
		FORMER CONFORMED NAME:	TANEJA K JUGAL
		DATE OF NAME CHANGE:	20021001
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd128745.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-07-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000949925</issuerCik>
        <issuerName>DYNAMIC HEALTH PRODUCTS INC</issuerName>
        <issuerTradingSymbol>DYHP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001195136</rptOwnerCik>
            <rptOwnerName>TANEJA JUGAL K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6950 BRYAN DAIRY ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LARGO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33777</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>CHAIRMAN OF THE BOARD</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>128664</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>70000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>BY: FIRST DELHI FAMILY PARTNERSHIP, LTD.</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2680304</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>BY: CARNEGIE CAPITAL, LTD.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1652740</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>BY: MANJU TANEJA</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>OPTIONS</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.407</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-07-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>250000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.407</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-07-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>COMMON STOCK</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>250000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>250000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeHolding>
            <securityTitle>
                <value>OPTIONS</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.14</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-10-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>COMMON STOCK</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>OPTIONS</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.10</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F7"/>
            </exerciseDate>
            <expirationDate>
                <value>2009-01-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>COMMON STOCK</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>50000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>OPTIONS</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.1788</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <value>2007-12-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>COMMON STOCK</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>200000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>200000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">THE REPORTING PERSON IS THE GENERAL PARTNER OF FIRST DELHI FAMILY PARTNERSHIP, LTD.  AS SUCH, HE HOLDS SOLE VOTING AND INVESTMENT POWER WITH RESPECT TO THESE SHARES.</footnote>
        <footnote id="F2">THE REPORTING PERSON IS THE GENERAL PARTNER OF CARNEGIE CAPITAL, LTD.  AS SUCH, HE HOLDS SOLE VOTING AND INVESTMENT POWER WITH RESPECT TO THESE SHARES.</footnote>
        <footnote id="F3">MANJU TANEJA IS THE REPORTING PERSON'S SPOUSE.  THE REPORTING PERSON EXERCISES NO INVESTMENT OR VOTING POWER AND DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SHARES.</footnote>
        <footnote id="F4">COMMON STOCK OPTIONS GRANTED BY THE ISSUER'S BOARD OF DIRECTORS.</footnote>
        <footnote id="F5">THE OPTIONS VEST AS FOLLOWS: 83,333 ON 7/17/2007, 83,333 ON 7/17/2008 AND 83,334 ON 7/17/2009.</footnote>
        <footnote id="F6">THE OPTIONS VEST AS FOLLOWS:  166,666 ON 10/01/2005, 166,667 ON 10/01/2006 AND 166,667 ON 10/01/2007.</footnote>
        <footnote id="F7">THE OPTIONS VEST AS FOLLOWS:  16,666 ON 1/23/2005, 16,667 ON 1/23/2006 AND 16,667 ON 1/23/2007.</footnote>
        <footnote id="F8">THE OPTIONS VEST AS FOLLOWS:  66,664 ON 12/20/2003, 66,668 ON 12/20/2004 AND 66,668 ON 12/20/2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Cani I. Shuman, as attorney in fact for Jugal K. Taneja</signatureName>
        <signatureDate>2006-08-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----