SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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

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

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

MEYERS DAVID P

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EZ EM INC [ EZM ]

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

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
05/31/2003

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 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)
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)	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⁽¹⁾	10/21/2002		4J	376,801	A	7.75	376,801	D
Common stock⁽²⁾	10/21/2002		4A	1,000	A	7.75	377,801	D
Common stock⁽³⁾	10/21/2002		4J	360,132.67	A	7.75	360,132.67	I	Remainder interest
Common stock⁽⁴⁾	10/21/2002		4J	213,889.01	A	7.75	213,889.01	I	22.55% interest in partnership's interest in 948,510 life estate shares
Common stock⁽⁵⁾	10/21/2002		4J	165,977.02	A	7.75	165,977.02	I	22.55% interest in partnership's interest in 736,040 shares
Common stock	10/21/2002		4J	1,909	A	7.75	1,909	I	Shares owned by spouse
Common stock⁽⁶⁾	10/21/2002		4J	67,533.91	A	7.75	67,533.91	I	Spouse's 7.12% interest in partnership's interest in 948,510 life estate shares
Common stock⁽⁷⁾	10/21/2002		4J	52,406.05	A	7.75	52,406.05	I	Spouse's 7.12% interest in partnership's interest in 736,040 shares

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)	4. Transaction Code (Instr. 8)	(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)
Stock Options	8.4	05/31/2003⁽⁸⁾		4A	1,000		05/31/2004	05/30/2013	Common stock	1,000	$0⁽⁹⁾	6,000	D

Explanation of Responses:

1. All shares received on 10/21/2002 were received as a result of a capitalization effected by the Company on that date, in which each share of Class A and Class B common stock was converted automatically into one share of common stock, in a transaction exempt under Rule 16b-7.

2. Acquired in compensation for services as a director of the Company.

3. Represents shares in which Mr.Meyers owns a remainder interest, the life estate of which is held or measured by the life of his mother, Betty Meyers.

4. Represents Mr. Meyers' 22.5% interest in the Meyers Family Limited Partnership's ("MFLP") life estate in 948,510 shares of common stock, as measured by the life of Betty Meyers.

5. Represents Mr. Meyers' 22.55% interest in MFLP's ownership of 736,040 shares of common stock.

6. Represents Mr. Meyers' wife's 7.12% interest in the MFLP's life estate in 948,510 shares of common stock, as measured by the life of Betty Meyers.

7. Represents Mr. Meyers' wife's 7.12% interest in the MFLP's ownership of 736,040 shares of common stock.

8. On May 31, 2003, Mr. Meyers received 1,000 options to purchase shares of common stock of the Company at $8.40 per share for services as a director of the Company.

9. Director Services

	David P. Meyers	07/15/2003
	** Signature of Reporting Person	Date
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* 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).
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