4 1 nov042002-form4.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if OMB APPROVAL no longer subject OMB Number 3235-0287 to Section 16. Form 4 Expires: January 31,2005 or Form 5 obligations Estimated ave. burden may continue. See hours per response...0.5 instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act 1940

---------------------------------------------------------------------------------------------------------------------------- 1.Name and Address of 2.Issuer Name and Ticker or Trading Symbol 6.Relationship of Reporting Reporting Person* Person(s) to Issuer Probex Corp. (PRB) (check all applicable) ---------------------------------------------- ~~Murray~~Brobjorg ~~Thomas~~John GN. 3. I.R.S. Identification 4. Statement for X Director 10% Owner --------------------------------------- Number of Reporting Month/Day/Year --- --- (Last) (First) (MI) Person, if an entity X Officer Other (Voluntary) 1011/2901/02 --- (give title --- (specify ~~3523~~15510 ~~Cooper~~Wright ~~Creek~~Brothers ~~Road~~Drive ----------------- below) below) ---------------------------------------- ------------------------- 5. If Amendment, VP & Corporate Controller (Street) Date of Original ----------------------------------- ~~Denton~~Addison TX ~~76208~~75001 (Month/Day/Year) 7.Individual or Joint/Group ---------------------------------------- Filing (Check Applicable (City) (State) (Zip) ------------------- 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 2. Transaction 2A. 3. Transaction 4. Security Acquired (A) 5. Amount of 6. Owner 7. Nature of (Instr.3) Date Deemed Code or Disposed of (D) Securities ship Indirect (Month/ Execution (Instr.8) (Inst.3, 4 & 5) Beneficially Form: Beneficial Day/Yr) Date, if ----------------------------------------- Owned Direct Owner- any Following (D) or Ship (Month/ Reported Indirect Day/ (A) Transaction(s) (I) Year) or (Instr. 3 and 4) (Instr. 4) (Instr. 4) Code V Amount (D) Price Common Stock 11/01/02 J(1) 4,368 A $1.50 90,389 I By IRA ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ----------

Page 1 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).

------------------------------------------------------------------------------------------------------------------------ Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------ 1. Title of 2. Conversion 3. Transaction 3A. Deemed 4. Transaction 5. Number of Deriv- Derivative or Exercise Date (Month Execution Code ative Securities Ac- Security Price of (Day/Year) Date, if (Instr. 8) quired (A) or Dis- (Instr.3) Derivative any posed of (D) Security (Month/ (Instr. 3,4, and 5) Day/Year) Code V (A) (D) ~~Stock Option (right to buy) $0.70 10/29/02 A 25,000~~ ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ----------

6. Date Exercisable 7. Title & Amount of 8. Price 9. Number 10. Owner- 11. Nature & Expiration Date Underlying Securities of Deriv- of Deriv- ship of (Mon./Day/Year) (Inst. 3 & 4) ative ative Form of Indirect Secur- Secur- Deriv- Benefi- ity ities ative cial (Instr. 5) Bene- Security: Owner- ficially (D) or ship Owned Indirect (Instr. 4) Follow- (I) ing (Instr. 4) Reported Trans- action(s) (Instr. 4) --------------------------------------------------------------------------------------------------------------------------------- Date Expira- Title Amount or number Exer- tion of Shares cisable Date ~~10/29/02 10/28/12 Common Stock 25,000 (1) 25,000 D~~ ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ----------

Explanation of Responses: (1) Represents a dividend paid on the Issuer's Series A 10% Cumulative Convertible Preferred Stock in the form of the Issuer's Common Stock.

/s/ ~~Thomas~~John GN. ~~Murray~~Brobjorg 1011/3004/02 **Intentional misstatements or omissions of facts constitute Federal ------------------------------------------ Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date

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