PRO DEX INC — Director's Dealing 1998

Jul 24, 1998

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 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 Richard N. Reinhardt 1401 Walnut Street, Suite 540 Boulder, Colorado 80302 USA 2. Issuer Name and Ticker or Trading Symbol Pro-Dex, Inc./ PDEX 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year July/1998 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 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 |(Month/ | 8) | |End of Month | Day/ |_|_____|(Instr. | Year) |Code| V | Amount |(A)or(D)| Price | 3 & 4) ___|__|||_|__|_|__ Common Stock |07/20/98| | G | 5,000 | (D) | | 41,950 ___|__|||_|__|_|__ Common Stock | | | | | | | 29,000 ___|__|||_|__|_|__ Common Stock | | | | | | | 14,000 ___|__|||_|__|_|__ 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 Spouse ____|_____ I | By Spouse ____|_____ 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- |Underlying |Price of| Day/ | 8) |or Disposed|piration|Securities |Deriva- | Year) | |of (D) |Date |(Instr. |tive | | |(Instr. 3, |(Month/ | 4) |Security| | | 4, and 5) | Day/ | | | |_|__| Year) | | | |Code| V | (A) | (D) | | ___|_|__||||_|__|_ Option to Acquire | 2.50 |04/07/95| A | | | |4/07/95-| Common/ Common Stock | | | | | | |4/07/05 | 50,000 ___|_|_|_||_||_|__ Option to Acquire | 2.85 |07/01/95| A | | | |7/01/95-| Common/ Common Stock | | | | | | |7/01/05 | 2,383 ___|_|_|_||_||_|_ Option to Acquire | 2.00 | | | | | |7/01/95-| Common/ Common Stock | | | | | | |7/01/05 | 2,500 ___|_|_|_||_||_|_ Option to Acquire | 2.435 | | | | | |11/25/94| Common/ Common Stock | | | | | | |11/25/94| 2,151 ___|_|_|_||_||_|_ Option to Acquire | 1.75 | | | | | |12/31/93| Common/ Common Stock | | | | | | |12/31/93| 50,000 ___|_|_|_||_||_|_ ___|_|_|_||_||_|_ Series A Convertible | | | | | | | | Preferred Stock* | ** | | | | | | ** | 58,229 ___|_|_|_||_||_|_ ________ 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 Month |(Instr. 4) | |(Instr. 4) | | __|_|__|____ | | | __|_|___|___ | | | _|___|__|___ | | | _|___|__|___ | | | _|___|__|___ | | | _|___|__|___ _|___|__|___ | 58,229 | I |By PSA, Inc. _|___|__|_______ Explanation of Responses: * The options will expire, if not exercised, 90 days after the optionee ceases as a Director. ** Convertible share for share at anytime at the option of the holder. SIGNATURE OR REPORTING PERSON /s/ Richard N. Reinhardt DATE July 24, 1998