PRO DEX INC — Director's Dealing 1999

Oct 27, 1999

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. Statement for (Month/Year) 9/99 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 | | | | | | | 407,200 ___|_||_|_|__|_|_ 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 securities) ___________ 1.Title of Derivative|2.Con- |3.Trans-|4.Trans-|5.Number of|6.Date Exercis- Security (Instr. 3) |version |action |action |Derivative |able and Expira- |or Exer-|Date |Code |Securities |tion Date |cise |(Month/ |(Instr. |Acquired(A)|(Month/Day/Year) |Price of| Day/ | 8) |or Disposed| |Deriva- | Year) | |of (D) | |tive | | |(Instr. 3, | |Security| | | 4, and 5) | | | | | | | | | |__|__ | | | | (A) | (D) |Date |Expira- | | | | | |Exercis-|tion | | | | | |able |Date ___|_|_|_|_||__ Option to Acquire | | | | | | | Pro-Dex, Inc. | | | | | | | Common Stock | 2.13 |11/21/95| A | | |11/21/95|11/21/05 ___|_|_|__|_||_|______ Option to Acquire | | | | | | | Pro-Dex, Inc. | | | | | | | Common Stock | 2.50 | 4/7/95 | A | | | 4/7/95 | 4/7/05 ___|_|_|_|_||_|__ Option to Acquire | | | | | | | Pro-Dex, Inc. | | | | | | | Common Stock | 2.435 |5/27/94 | A | | |5/27/94 |5/27/04 ___|_|_|__|_||_|______ Option to Acquire | | | | | | | Pro-Dex, Inc. | | | | | | | Common Stock | 1.75 |12/31/93| A | | |12/31/93|12/31/03 ___|__|__|__|||_|_____ | | | | | | | ___|_|_|_|_||_|__ Series A Convertible | | | | | | | Preferred Stock | | | | | | ** | ** ___|_|_|__|_||_|______ Series A Convertible | | | | | | | Preferred Stock | | | | | | ** | ** ___|__|__|__||__|_|_ | | | | | | ___|_|_|_|__|_|__ ____________ 7.Title and |8.Price of |9.Number of |10.Ownership Form |11.Nature of amount of |Derivative |Derivative |of Derivative |Indirect Underlying |Security |Securities, |Security: |Beneficial Securities |(Instr. 5) |Beneficially |Direct (D) or |Ownership | |Owned at End |Indirect (I) |(Instr. 4) | |of Year |(Instr. 4) | ___| |(Instr. 4) | | Title |Amount or| | | | |Number of| | | | |Shares | | | | _|_|__|_|__|___ Common | 100,000 | 2.13 | | D | _|__|_|___|__|__ Common | 50,000 | 2.50 | | D | _|___|__|_|__|__ Common | 2,051 | 2.435 | | D | _|___|__|_|__|__ Common | 50,000 | 1.75 | 202,151 | D | _|___|__|_|__|__ | | | | | _|___|__|_|__|__ | 58,229 | | 58,229 | I |By PSA, Inc. _|___|__|_|__|__ | 19,900 | | 19,900 | D | _|___|__|_|__|__ | | | | | _|___|__|_|__|______ Explanation of Responses: The options will expire, if not exercised, 90 days after the Optionee ceases to act as a Director. *Convertible share per share at any time at the option of the holder. SIGNATURE OF REPORTING PERSON /s/ Kent E. Searl DATE 10/22/99