PRO DEX INC — Director's Dealing 1998

Aug 10, 1998

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Kent E. Searl 1401 Walnut Street, Suite 540 Boulder, Colorado 80302 2. Issuer Name and Ticker or Trading Symbol Pro-Dex, Inc./ PDEX 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. June/1998 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) Chairman, CEO/Acting President 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 ___________ 1.Title of Security |2.Trans-|3.Trans-|4.Securities Acquired (A) |5.Amount of (Instruction 3) |action |action |or Disposed of (D) |Securities |Date |Code |(Instr. 3, 4, and 5) |Beneficially | |(Instr. | |Owned at end |(Month/ | 8) | |of Issuer's | Day/ | |_____|Fiscal Year | Year) | | Amount |(A)or(D)| Price |(Instr. 3&4) ___|__|__|__|__|_|__ Pro-Dex, Inc. | | | | | | | Common Stock | | | | | | | 406,000 ___|__|||_|__|_|__ Pro-Dex, Inc. | | | | | | | Common Stock | | | | | | | 250,000 ___|__|||_|__|_|__ ________ 6.Ownership Form: |7.Nature of Direct (D) or | Indirect Beneficial Indirect (I) | Ownership (Instr. 4) | (Instr. 4) ____|_____ D | ____|_____ I | By Professional Sales Associates, Inc. ____|_____ ___________ Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securites) ___________ 1.Title of Derivative|2.Con- |3.Trans-|4.Trans-|5.Number of|6.Date |7.Title Security (Instr. 3) |version |action |action |Derivative |Exer- |and |or Exer-|Date |Code |Securities |cisable |amount of |cise |(Month/ |(Instr. |Acquired(A)|and Ex- |Under- |Price | Day/ | 8) |or Disposed|piration |lying |of De- | Year) | |of (D) |Date |Secur- |rivative| | |(Instr. 3, |(Month/ |ities |Security| | | 4, and 5) | Day/ |(Instr. | | | |__| Year) |4) | | | | (A) | (D) | | ___|_|__|__|||_|_ Option to Acquire | | | | | | Pro-Dex,Inc. | 2.13 |11/21/95| A | |11/21/95-| Common/ Common Stock | | | | |11/21/05 | 100,000 ___|_|_____|_|__|__|_ Option to Acquire | | | | | | Pro-Dex, Inc. | 2.50 |04/07/95| A | |04/07/95-| Common/ Common Stock | | | | |04/07/05 | 50,000 ___|_|_|__|__|__|_ Option to Acquire | | | | | | Pro-Dex, Inc. | 2.435 |05/27/94| A | |05/27/94-| Common/ Common Stock | | | | |05/27/04 | 2,051 ___|_|_|_|__|__|_ Option to Acquire | | | | | | Pro-Dex, Inc. | 1.75 |12/31/93| A | |12/31/93-| Common/ Common Stock* | | | | |12/31/03 | 50,000 ___|_|_|_|__|__|_ Series A Convertible | | | | | | Preferred Stock ** | | | | | ** | ___|_|_|_|__|__|_ Series A Convertible | | | | | | Preferred Stock ** | | | | | ** | ___|_|_|_|__|__|_ ________ 8.Price of |9.Number of |10.Ownership Form |11.Nature of Derivative |Derivative |of Derivative |Indirect Security |Securities, |Security: |Beneficial (Instr. 5) |Beneficially |Direct (D) or |Ownership |Owned at End |Indirect (I) |(Instr. 4) |of Year |(Instr. 4) | |(Instr. 4) | | __|_|___|___ 2.13 | | D | _|___|__|___ 2.50 | | D | _|___|__|___ 2.435 | | D | _|___|__|___ 1.75 | 202,151 | D | _|___|__|___ | 58,229 | I | By PSA, Inc. _|___|__|___ | 19,900 | D | _|___|__|_______ Explanation of Responses: * The options will expire, if not exercised, 90 days after the Optionee ceased to act as a Director. ** Convertible share for share at anytime at the option of the holder. SIGNATURE OR REPORTING PERSON /s/ Kent E. Searl DATE August 7, 1998