Form 5		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(h) of the Investment Company Act of 1940	OMB APPROVAL
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[   ]	Form 3 Holdings Reported
[   ]	Form 4 Transactions Reported

1.  Name and Address of Reporting Person*  Shaw, Christopher		2. Issuer Name and Ticker or Trading Symbol Innotrac Corporation (INOC)					6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ___ Director ____ 10% Owner ____ Officer (give             __X_ Other (specify                   title below)                     below) Former Officer
(Last)     (First)     (Middle) 6655 Sugarloaf Parkway		3. I.R.S. Identification     Number     of Reporting Person,     if an entity     (voluntary)		4.  Statement for      Month/Year December 31, 2002
(Street) Duluth, Georgia  30097				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
(City)     (State)     (Zip)		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 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)	7. Nature of     Indirect     Beneficial     Ownership    (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

* If the 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. Conversion     or Exercise     Price of     Derivative     Security

3. Transaction     Date    (Month/    Day    Year)

3A. Deemed        Execution        Date,        if any      (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. 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

Stock Option (right to buy)

$3.40

3-11-02

A

50,000

(1)

3-11-12

Common Stock

50,000

50,000

D

Explanation of Responses:

(1) Fifty percent (50%) of such option vests on the second anniversary of the grant date and twenty-five (25%) vests on each of the third and fourth anniversaries of the grant date.

   /s/ Christopher Shaw Christopher Shaw **Signature of Reporting Person 1-21-03 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