Prepared by R.R. Donnelley Financial -- FORM 5
 
Form 5
 
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[_] Form 3 Holdings Reported
[_] Form 4 Transactions Reported
  
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
 
Filed pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
  
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1.   Name and Address of Reporting Person*
 
MEHRA AJAY

  
2.   Issuer Name and Ticker or Trading Symbol
 
OSI SYSTEMS, INC. (OSIS)
  
6.   Relationship of Reporting Person(s) to Issuer
(Check all applicable)
 
x  Director     _ 10% Owner
_  Officer (give title below)
_  Other (specify below)
 
CHIEF FINANCIAL OFFICER
                                                                            
   
(Last)            (First)        (Middle)
  
3.   I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
  
4.   Statement for Month/Year
  
C/O OSI SYSTEMS, INC.
12525 CHADRON AVENUE
      
06/02
  
   
(Street)
 
 
 
HAWTHORNE, CA 90250
(City)            (State)            (Zip)
      
5.   If Amendment, Date of Original (Month/Year)
 
  
7.   Individual or Joint/Group Reporting
(CheckApplicable 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
   
2.   Transaction Date
(Month/Day/Year)
  
3.   Transaction Code
(Instr. 8)
  
4.   Securities Acquired (A) or Disposed of (D)
( Instr. 3, 4 and 5)
  
5.   Amount of Securities Beneficially Owned at the end of Issuer’s Fiscal Year (Instr. 3 and 4)
  
6.   Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
    
         
           
           
Amount
  
(A) or (D)
  
Price
      
                           
                                 
                                 
                                 
                                 
                                 
                                 
*
 
If the form is filed by more than one reporting person, see instruction 4(b)(v).
 
(Print or Type Responses)
(Over)
(SBC 2270 (7-96)

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1.   Title of Derivative Security
(Instr. 3)  
  
2.   Conversion
or Exercise Price of Derivative Security
  
3.   Transaction Date
(Month/Day/Year)
  
4.   Transaction Code
(Instr. 8)
  
5.   Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
  
6.   Date Exercisable and Expiration Date (Month/Day/Year)
  
7.   Title and Amount of Underlying Securities (Instr. 3
and 4)
 
8.   Price of
Derivative Security
(Instr. 5)
  
9.   Number of Derivative Securities Beneficially Owned at
End of Year (Instr. 4)
  
10.   Ownership of Derivative Security:
Direct (D) or Indirect (I) (Instr. 4)
  
11.   Nature
of Indirect Beneficial Ownership (Instr. 4)
             
               
               
    (A)    
  
    (D)    
  
Date
Exercisable
  
Expiration Date
  
    Title    
  
Amount or Number of Shares
                
OPTIONS TO PURCHASE
  
14.76
  
11/16/01
  
A
  
25000
      
*
  
11/16/06
  
COMMON STOCK
  
25000
  
14.76
      
D
    
COMMON STOCK
                                                    
OPTIONS TO PURCHASE
  
19.95
  
1/29/02
  
A
  
25000
      
*
  
1/29/07
  
COMMON STOCK
  
25000
  
19.95
  
112,400
        
COMMON STOCK
                                                    
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
Explanation of Responses:
 
*VEST OVER THE THREE YEAR PERIOD FROM THE DATE OF GRANT
 
 
 
 
 
 
/Sd/
                                                                                                                                                                               
     
8/10/02
                                                                                                                                                                               
**Signature of Reporting Person
     
(Date)
 
    **
 
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
    
 
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Note:
 
File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.
 
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
 
Page 2  
(SEC 1474 (7-96)