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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-06-003660.txt : 20060117
<SEC-HEADER>0001181431-06-003660.hdr.sgml : 20060116
<ACCEPTANCE-DATETIME>20060117105522
ACCESSION NUMBER:		0001181431-06-003660
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060115
FILED AS OF DATE:		20060117
DATE AS OF CHANGE:		20060117

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ODONNELL JEFFREY F
		CENTRAL INDEX KEY:			0001226425

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11635
		FILM NUMBER:		06531795

	MAIL ADDRESS:	
		STREET 1:		126 ROSSMORE DRIVE
		CITY:			MALVERN
		STATE:			PA
		ZIP:			19355

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHOTOMEDEX INC
		CENTRAL INDEX KEY:			0000711665
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
		IRS NUMBER:				592858100
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		147 KEYSTONE DRIVE
		CITY:			MONTGOMERYVILLE
		STATE:			PA
		ZIP:			18936
		BUSINESS PHONE:		2156193600

	MAIL ADDRESS:	
		STREET 1:		147 KEYSTONE DRIVE
		CITY:			MONTGOMERYVILLE
		STATE:			PA
		ZIP:			18936

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LASER PHOTONICS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd103468.xml
<DESCRIPTION>FORM 4 - JEFFREY F. O'DONNELL 01_06
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-01-15</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000711665</issuerCik>
        <issuerName>PHOTOMEDEX INC</issuerName>
        <issuerTradingSymbol>PHMD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001226425</rptOwnerCik>
            <rptOwnerName>ODONNELL JEFFREY F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>147 KEYSTONE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>MONTGOMERYVILLE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>18936</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock (Restricted)</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2006-01-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>525000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.01</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>528000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock Options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2006-01-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>200000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-01-15</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>200000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>750000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The shares have been granted pursuant to the Company's 2005 Equity Compensation Plan (the &quot;2005 Equity Plan&quot;), and are subject to the Company's right of repurchase based on certain performance and time restrictions following the date of award. The right of repurchase will lapse on 20% of the shares for each year, during the years ending December 31, 2006 through 2010, in which the price of the Company's common stock achieves certain specified target prices. Thereafter, to the extent that such shares remain subject to repurchase by the Company, the Company's right to repurchase lapses ratably on the shares during each of the fifth, sixth and seventh anniversaries of the date of award. Certain vesting provisions with respect to the performance restrictions of the shares apply in the event of a change of control of the Company based on the per-share purchase price paid or deemed paid in connection with such change in control.</footnote>
        <footnote id="F2">The options vest ratably over the five years following the date of award, except that in the event of a Sale of the Company (as such term is defined in the 2005 Equity Plan), the options will become fully exercisable and immediately vested.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jeffrey F. O'Donnell</signatureName>
        <signatureDate>2006-01-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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