X0201 42003-09-02 0000837991 VISX INC EYE 0001206971 DAVILA ELIZABETH H C/O VISX, INCORPORATED 3400 CENTRAL EXPRESSWAY SANTA CLARA CA 95051 1100Chief Executive OfficerCommon Stock2003-09-024M0316525.3438A62797DCommon Stock2003-09-024M083485.3438A71145DCommon Stock2003-09-024S01000020.00D61145DCommon Stock2003-09-024S01000020.21D51145DCommon Stock2003-09-024S01000020.30D41145DCommon Stock2003-09-024S01000020.53D31145DStock Option (Right to Buy)5.34382003-09-024M0316520D2006-02-06Common Stock316522173456DStock Option (Right to Buy)5.34382003-09-024M083480D2006-02-06Common Stock83482165108DThe sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 1, 2003.Stock option granted under the VISX, Incorporated 1995 Stock Plan, which is a Rule 16b-3 plan. The reporting person exercised 31,652 shares of the 191,652 shares which were granted on February 6, 1997. This option is exercisable upon vesting, and 25% of the shares subject to the option vest upon the first anniversary of the grant and 1/48th of the shares subject to the option vest at the end of each full month thereafter for 36 months.Stock option granted under the VISX, Incorporated 1995 Stock Plan, which is a Rule 16b-3 plan. The reporting person exercised 8,348 shares of the 8,348 shares which were granted on February 6, 1997. This option is exercisable upon vesting, and 25% of the shares subject to the option vest upon the first anniversary of the grant and 1/48th of the shares subject to the option vest at the end of each full month thereafter for 36 months.Elizabeth H. Davila2003-09-04