SEC Form 5

FORM 5
[X] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
[ ]Form 3 Holdings Reported
[X]Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* Bomar, Recie     B. (Last)                      (First)                      (Middle) 100 Clearbrook Road (Street) Elmsford, NY     10523 (City)                      (State)                      (Zip)	2. Issuer Name and Ticker or Trading Symbol MIM Corporation   MIMS		6. Relationship of Reporting Person(s) to Issuer (Check all applicable)                         Director                           10% Owner                         Officer                             Other Officer/Other Description                               7. Individual or Joint/Group     Filing (Check Applicable Line) X   Individual Filing       Joint/Group Filing
	3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)	4. Statement for     Month/Day/Year     December 31, 2002 5. If Amendment,     Date of Original     (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security     (Instr. 3)	2. Transaction Date     (Month/Day/Year)	2A. Deemed       Execution       Date, if any       (Month/Day/Year)	3. Transaction     Code     (Instr. 8)	4. Securities Acquired (A) or Disposed (D) Of     (Instr. 3, 4, and 5)         Amount      |         A/D         |         Price	5. Amount of     Securities     Beneficially     Owned at     End of     Issuer's Fiscal     Year     (Instr. 3 and 4)	6. Owner-     ship     Form:     Direct(D)     or     Indirect (I)     (Instr. 4)	7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)
Common Stock, $.0001 par value					25000 (1)	D

If the form is filed by more than one reporting person, see instruction 4(b)(v). Persons who respond to the collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control number. (over)
SEC 2270 (7-02)

Bomar, Recie B. - December 31, 2002

Form 5 (continued)

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. Conver-     sion or     Exercise     Price of     Deri-     vative     Security	3. Transaction     Date     (Month/     Day/     Year)	3A. Deemed       Execution       Date, if       any       (Month/       Day/       Year)	4. Transaction     Code	5. Number of Derivative     Securities Acquired (A)     or Disposed (D) Of     (Instr. 3,4 and 5)	6. Date Exercisable(DE) and     Expiration Date(ED)     (Month/Day/Year)   (DE)     |     (ED)	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. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
Employee Stock Option (Right to Buy Common Stock)	$11.0500	09/16/2002		A	(A) 10000	09/16/2003 (2) | 09/16/2012	Common Stock, $.0001 par value - 10000		10000	D
Employee Stock Option (Right to Buy Common Stock)	$12.2000					11/28/2002 (2) | 11/28/2011	Common Stock, $.0001 par value - 50000		50000	D

Explanation of Responses :

** 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 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. /s/ Recie B. Bomar                   01-22-2003    
** Signature of Reporting Person                         Date



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Bomar, Recie B. - December 31, 2002

Form 5 (continued)

FOOTNOTE Descriptions for MIM Corporation MIMS

Form 5 - December 2002

Recie B. Bomar
100 Clearbrook Road

Elmsford, NY 10523

Explanation of responses:

(1)   On June 1, 1999, the Company issued to Mr. Bomar 25,000 restricted shares of Common Stock. Such shares are subject to restrictions on transfer and encumbrance through December 31, 2006 and are automatically forfeited to the Company upon the termination of Mr. Bomar's employment with the Company prior to December 31, 2006. The restrictions to which the restricted shares are subject may lapse prior to December 31, 2006 upon the achievement by the Company of certain specified levels of earnings per share in fiscal 2002.
(2)   Vests and becomes exercisable in three equal annual installments commencing on the first anniversary of the date of grant.

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