SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

VATERS ROBERT S

(Last)

(First)

(Middle)

5540 EKWILL STREET, SUITE D

(Street)

SANTA BARBARA

93111

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INAMED CORP [ IMDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/23/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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)	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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.9457	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.903	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.885	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.7226	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.6754	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.4766	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.3366	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.3062	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.2762	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.251	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.238	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$53.1794	18,750	D
Common Stock	08/20/2004		X		5,000	A	$14.693	23,750	D
Common Stock	08/20/2004		S		5,000	D	$52.9274	18,750	D

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. 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 Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.9457	145,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.903	140,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.885	135,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.7226	130,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.6754	125,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.4766	120,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.3366	115,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.3062	110,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.2762	105,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.251	100,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.238	95,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$53.1794	90,000	D
Non-Qualified Stock Option (right to buy)	$14.693	08/20/2004		X			5,000	08/20/2003	08/20/2012	Common Stock	5,000	$52.9274	85,000	D

Explanation of Responses:

	Robert S. Vaters	08/23/2004
	** Signature of Reporting Person	Date
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).
** 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.
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 Number.