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
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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).
1. Name and Address of Reporting Person*
MOFFITT WILLIAM P
(Last) (First) (Middle)
104 WINDSOR CENTER DR
(Street)
EAST WINDSOR NJ 08520
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
I STAT CORPORATION /DE/ [ STAT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) X Other (specify below)
President & CEO Former Director
3. Date of Earliest Transaction (Month/Day/Year)
01/27/2004
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.15 per share 01/27/2004 M 12,000 A $14.1 290,371 D
Common Stock, par value $0.15 per share 01/27/2004 S 12,000 D $15.31 278,371 D
Common Stock, par value $0.15 per share 01/28/2004 U 278,371 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 128,202 A $2.89 128,202 D
Common Stock, par value $0.15 per share 01/28/2004 U 128,202 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 31,798 A $2.89 31,798 D
Common Stock, par value $0.15 per share 01/28/2004 U 31,798 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 22,500 A $12.625 22,500 D
Common Stock, par value $0.15 per share 01/28/2004 U 22,500 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 21,643 A $9.78 21,643 D
Common Stock, par value $0.15 per share 01/28/2004 U 21,643 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 45,346 A $6.44 45,346 D
Common Stock, par value $0.15 per share 01/28/2004 U 45,346 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 150,000 A $10 150,000 D
Common Stock, par value $0.15 per share 01/28/2004 U 150,000 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 26,452 A $6.44 26,452 D
Common Stock, par value $0.15 per share 01/28/2004 U 26,452 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 22,500 A $9.78 22,500 D
Common Stock, par value $0.15 per share 01/28/2004 U 22,500 D $15.35 0 D
Common Stock, par value $0.15 per share 01/28/2004 M 11,250 A $12.625 11,250 D
Common Stock, par value $0.15 per share 01/28/2004 U 11,250 D $15.35 0 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to purchase) $2.89 01/28/2004 M 128,202 01/28/2004(1) 08/15/2012 Common Stock 128,202 $2.89 0 D
Stock Option (right to purchase) $2.89 01/28/2004 M 31,798 01/28/2004(1) 08/05/2012 Common Stock 31,798 $2.89 0 D
Stock Option (right to purchase) $12.625 01/28/2004 M 22,500 01/28/2004(1) 04/23/2007 Common Stock 22,500 $12.625 0 D
Stock Option (right to purchase) $9.78 01/28/2004 M 21,643 01/28/2004(1) 02/02/2009 Common Stock 21,643 $9.78 0 D
Stock Option (right to purchase) $6.44 01/28/2004 M 45,346 01/28/2004(1) 02/05/2012 Common Stock 45,346 $6.44 0 D
Stock Option (right to purchase) $10 01/28/2004 M 150,000 01/28/2004(1) 05/30/2012 Common Stock 150,000 $10 0 D
Stock Option (right to purchase) $6.44 01/28/2004 M 26,452 01/28/2004(1) 02/05/2012 Common Stock 26,452 $6.44 0 D
Stock Option (right to purchase) $9.78 01/28/2004 M 22,500 01/28/2004(1) 02/02/2009 Common Stock 22,500 $9.78 0 D
Stock Option (right to purchase) $12.625 01/28/2004 M 11,250 01/28/2004(1) 04/23/2007 Common Stock 11,250 $12.625 0 D
Explanation of Responses:
1. All options not previously vested accelerated on 01/28/2004 pursuant to action by the Board of Directors taken 12/11/2003
/s/Sally B. Archer 01/29/2004
** 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.