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

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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^*

WHEELER MARK F

(Last)

(First)

(Middle)

4851-NE 39TH STREET

(Street)

SEATTLE

98105

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IDX SYSTEMS CORP [ IDXC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/24/2004

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	05/24/2004		M		2,000	A	$13.625	2,000	D
Common Stock								3,125	I	By 401(k) Plan

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)	$13.625	05/24/2004		M			2,000	04/22/2000	04/22/2009	Common Stock	2,000	$0	4,000	D
Employee Stock Option (right to buy)	$20.72							07/10/1997	01/30/2007	Common Stock	5,110		5,110	D
Employee Stock Option (right to buy)	$31.5625							11/07/1998⁽¹⁾	11/07/2007	Common Stock	4,400		4,400	D
Employee Stock Option (right to buy)	$32.88							07/10/1997	01/25/2006	Common Stock	5,110		5,110	D
Non-Qualified Stock Option (right to buy)	$15.77							03/11/2003⁽²⁾	03/11/2012	Common Stock	2,000		2,000	D
Non-Qualified Stock Option (right to buy)	$16.5938							08/25/2001⁽³⁾	08/25/2010	Common Stock	200		200	D

Explanation of Responses:

1. Grant to reporting person to purchase 4,400 shares of common stock under the IDX Systems Corporation 1995 Stock Option Plan. The option becomes exercisable in 25 percent increments of 1,100 each on November 7, 1998, November 7, 1999, November 7, 2000 and November 7, 2001. The plan puruant to which the reported option was granted provides for tax withholding rights.

2. Grant to reporting person to purchase 2,000 shares of common stock under the IDX Systems Corporation 1995 Stock Option Plan. The option becomes exercisable in 25 percent increments of 500 each on March 11, 2003, March 11, 2004, March 11, 2005 and March 11, 2006. The plan pusruant to which the reported option was granted provides for tax withholding rights.

3. Grant to reporting person of option to purchase 200 shares of common stock under IDX Systems Corporation 1995 Stock Option Plan. The option becomes exercisable in 25 percent increments of 50 each on August 25, 2001, August 25, 2002, August 25, 2003 and August 25, 2004. The plan pursuant to which the reported option was granted provides for tax withholding rights.

	By: Diane L. Brown, Attorney-In-Fact For: Mark F. Wheeler	05/26/2004
	** 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).
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