4 1 merrill040903.txt FORM 4 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print of Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Merrill F. Robert -------------------------------------------------------------------------------- (Last) (First) (Middle) 3329 Leigh -------------------------------------------------------------------------------- (Street) Plano Texas 75025 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Advanced Neuromodulation Systems, Inc. (ANSI) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 75-1646002 ________________________________________________________________________________ 4. Statement for Month/Day/Year 04/09/03 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |X| Director |_| 10% Owner |_| Officer (give title below) |_| Other (specify below) Executive Vice President - Finance ________________________________________________________________________________ 7. 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 ================================================================================
5. Amount of 6. 4. Securities Owner- Securities Acquired (A) or Beneficially ship 2A. 3. Disposed of (D) Owned Form: 7. 2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of Trans- Execution Code ------------------------------- Reported (D) or Indirect 1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Date any ------------ or (Instr. 3 & (I) Ownership (Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/09/03 M V 6,000 A $6.625 11,001 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/09/03(1) S 6,000 D $44.00 5,001 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/09/03 M V 2,000 A $10.625 7,001 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/09/03(1) S 2,000 D $44.00 5,001 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
9. Number 10. of Owner- deriv- ship ative Form 2. Secur- of Conver- 5. 7. ities Deriv- 11. sion Number of Title and Amount Bene- ative Nature or Derivative 6. of Underlying 8. ficially Secur- of Exer- 3A. 4. Securities Date Securities Price Owned ity: In- cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Right to $5.00 11/05/98(3) A V 50,000 11/05/98 11/06/08 Common 50,000 50,000 D Purchase 12/27/01 M V 5,000 Stock 5,000 45,000 D Stock 08/22/02 M V 20,000 20,000 25,000 D Option 12/30/02 M V 5,000 5,000 20,000 D 03/17/03 M V 8,000 8,000 12,000 D 03/27/03 M V 8,000 8,000 4,000 D 03/28/03 M V 4,000 4,000 0 D ------------------------------------------------------------------------------------------------------------------------------------ Right to $6.625 03/31/99(3) A V 10,000 03/31/00 04/01/09 Common 10,000 10,000 D Purchase 03/28/03 M V 4,000 Stock 4,000 6,000 D Stock 04/09/03 M V 6,000 6,000 0 D Option ------------------------------------------------------------------------------------------------------------------------------------ Right to $15.375 03/17/00(3) A V 6,700 03/17/01 03/18/10 Common 6,700 6,700 D Purchase Stock Stock Option ------------------------------------------------------------------------------------------------------------------------------------ Right to $12.25 06/01/00(2) A V 300 06/01/01 06/02/10 Common 300 300 D Purchase Stock Stock Option ------------------------------------------------------------------------------------------------------------------------------------ Right to $14.25 07/31/00(4) A V 10,000 07/31/01 08/01/10 Common 10,000 10,000 D Purchase Stock Stock Option ------------------------------------------------------------------------------------------------------------------------------------ Right to $10.625 04/03/01(3) A V 10,000 04/03/02 04/04/11 Common 10,000 10,000 D Purchase 04/09/03 M V 2,000 Stock 2,000 8,000 D Stock Option ------------------------------------------------------------------------------------------------------------------------------------ Right to $28.53 02/20/02(3) A V 20,000 02/20/03 02/21/12 Common 20,000 20,000 D Purchase Stock Stock Option ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) Sold pursuant to a Rule 10b5-1 Safe Harbor Plan. (2) Options granted pursuant to 1995 Stock Option Plan, 25% vesting per year. (3) Options granted pursuant to 1998 Stock Option Plan, 25% vesting per year. (4) Options granted pursuant to 2000 Stock Option Plan, 25% vesting per year. F. Robert Merrill III By:/s/Linda D. Moses, Agent and Attorney-in-Fact for F. Robert Merrill III April 11, 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). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Page 2