U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

[   ]  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

1.  Name and Address of Reporting Person St. Philip,       Carl       S.		2.  Issuer Name and Ticker or Trading Symbol Steiner Leisure Limited (STNR)					6.  Relationship of Reporting Person to Issuer (Check all applicable)
(Last)          (First)          (Middle) 770 S. Dixie Highway, Suite #200 (Street) Coral Gables, FL  33146 (City)            (State)            (Zip)		3.  IRS Identification Number of Reporting Person, if an Entity (Voluntary)		4.  Statement For Month/Year                 2001			[   ] Director                    [   ] 10% Owner [ X] Officer (give title below)   [   ] Other (specify below) Chief Financial Officer
				5.  If Amendment, Date of Original (Month/Year)			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      (Instr. 3)	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 End of Issuer=s Fiscal Year (Instr. 3 and 4)	6.  Ownership Form:Direct (D) or Indirect (I) (Instr. 4)	7.  Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If form is filed by more than one reporting person, see instruction 4(b)(v).

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 Derivative Security

3.  Trans-action Date (Month/ Day/Year)

4.  Trans-action 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.  Num-ber of De- rivative Securities Benefi- cially Owned at End of Year (Instr. 4)

10. Own-ership of Derivative Security:Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Owner- ship (Instr. 4)

(A)

(D)

Date Exer-cisable

ExpirationDate

Title

Amount or Number of Shares

Employee Share Option (right to buy)

$18.150

11/26/01

A

23,430

--

(1)

11/25/11

Common Shares

23,430

--

23,430

D

Explanation of Responses:

1. These options vest in accordance with the following schedule: 7,810 options vest on each of 11/26/02, 11/26/03 and 11/26/04.

**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.

/s/ Carl S. St. Philip	02/13/02
Carl S. St. Philip	Date
	SEC 1474 (8-92)