AMERICAN SHARED HOSPITAL SERVICES — Director's Dealing 2003

Aug 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK: 0000744825
Period of Report: 2003-08-15

Reporting Person: AMERICAN SHARED HOSPITAL SERVICES (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-15	Common Shares	S	4300	$5.71	Disposed	578932	Direct
2003-08-18	Common Shares	S	3000	$5.84	Disposed	575932	Direct
2003-08-18	Common Shares	S	10000	$5.95	Disposed	565932	Direct
2003-08-18	Common Shares	S	5000	$5.97	Disposed	560932	Direct
2003-08-18	Common Shares	S	5000	$5.98	Disposed	555932	Direct