<DOCUMENT> <TYPE>4 <SEQUENCE>1 <FILENAME>file001.txt <DESCRIPTION>FORM 4 <TEXT> <PAGE> -------- | FORM 4 | -------- ------------------------------ OMB APPROVAL [ ] CHECK THIS BOX IF NO LONGER SUBJECT ------------------------------ TO SECTION 16. FORM 4 OR FORM 5 OMB Number: 3235-0287 OBLIGATIONS MAY CONTINUE. See Expires: January 31, 2005 INSTRUCTION 1(b). Estimated average burden hours per response.........0.5 ------------------------------ 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 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Mo, Y. Joseph -------------------------------------------------------------------------------- (Last) (First) (Middle) 350 Corporate Blvd. -------------------------------------------------------------------------------- (Street) Robbinsville, NJ 08691 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name AND Ticker or Trading Symbol NexMed, Inc. (NEXM) ________________________________________________________________________________ 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) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |X| Director |_| 10% Owner |X| Officer (give title below) |_| Other (specify below) President & CEO ------------------------------------- ________________________________________________________________________________ 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 ================================================================================ <TABLE> <CAPTION> 5. Amount of 6. 4. Securities Owner- 2A. Securities Acquired (A) or Beneficially ship 2. Deemed 3. Disposed of (D) Owned Form: 7. Trans- Execution Transaction (Instr. 3, 4 and 5) Following Direct Nature of action Date, if Code ---------------------------- Reported (D) or Indirect 1. Date any (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security (Month/ (Month/ ------------ or (Instr. 3 (I) Ownership (Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * 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 (Over) REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. SEC 1474 (9-02) </TABLE> <PAGE> FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ================================================================================ <TABLE> <CAPTION> 9. Number 10. of Owner- deriv- ship ative Form 2. 5. Secur- of Conver- Number of 7. ities Deriv- 11. sion Derivative Title and Amount Bene- ative Nature or 4. Securities 6. of Underlying 8. ficially Secur- of Exer- 3A. Trans- Acquired (A) Date Securities Price Owned ity In- cise Deemed action or Disposed Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price 3. Execut- Code of (D) Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of Trans- ion (Instr. (Instr. 3, (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- action Date, if 8) 4 and 5) ---------------- or Secur- Trans- direct Owner- Derivative ative Date any Date Expira- Number ity action(s) (I) ship Security Secur- (Month/ (Month/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Day/Year) Day/Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ <S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> Stock $4.00 12/31/02 A 371,334 (1) 1/18/10 Common 371,334 1,114,000 D Options Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== </TABLE> EXPLANATION OF RESPONSES: (1) On January 18, 2002, the Company approved a stock option grant to Y. Joseph Mo for an aggregate of 1,114,000 stock options. 371,333 options vested on December 31, 2000, 371,333 options vested on December 31, 2001 and 371,334 options vested on December 31, 2002. /s/ VIVIAN H. LIU, ATTORNEY-IN-FACT 1/2/03 --------------------------------------------- ----------------------- **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 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 </TEXT> </DOCUMENT>