~~----------------------------------------------------------------------------------------------------------------------------~~OMB ~~1.Name~~APPROVAL ~~and~~OMB 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) ---------------------------------------------- Brobjorg John N. 3. I.R.S. Identification 4. Statement for Director 10% Owner --------------------------------------- Number: ~~of Reporting Month/Day/Year~~ 3235---0287 ~~---~~Expires: ~~(Last)~~January ~~(First) (MI) Person~~31, if2005 anEstimated ~~entity~~average Xburdenhours ~~Officer~~per ~~Other (Voluntary) 11/01/02 --- (give title --- (specify 15510 Wright Brothers Drive ----------------- below) below) ---------------------------------------- ------------------------- 5~~response. ~~If Amendment, VP & Corporate Controller (Street) Date of Original ----------------------------------- Addison TX 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.0.5

~~-----------------------------------------------------------------------------------------------------------------------------------~~UNITED ~~Table~~STATES SECURITIES IAND -EXCHANGE ~~Non-Derivative Securities Acquired~~COMMISSION Washington, ~~Disposed~~DC 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 ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ---------- ---------------------- -------------- --------- ----- ----- ----------- ---- ------ -------------- ---------- ----------20549

~~------------------------------------------------------------------------------------------------------------------------~~FORM 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) ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ----------

6.STATEMENT ~~Date~~OF ~~Exercisable~~CHANGES 7.IN ~~Title~~BENEFICIAL & 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 ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- ----------- -------------- --------------- ------------- ---------- ----------- ------------ ----------OWNERSHIP

~~/s/~~Filed ~~John~~pursuant N.to ~~Brobjorg~~Section ~~11/04/02~~16(a) **Intentionalof ~~misstatements~~the orSecurities ~~omissions~~Exchange Act of ~~facts~~1934, Section ~~constitute~~17(a) ~~Federal~~of ~~------------------------------------------~~the ~~Criminal~~Public ~~Violations.~~Utility ~~See~~Holding 18Company ~~U.S.C.~~Act ~~1001~~of ~~and~~1935 or 15Section ~~U.S.C. 78ff~~30(ah). **Signature of ~~Reporting~~the ~~Person~~Investment ~~Date~~Company Act of 1940

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

Name and Address of Reporting
Person* (Last, First, Middle)

Issuer Name and Ticker or
Trading Symbol

I.R.S. Identification Number of Reporting
Person, if an entity (Voluntary)

Brobjorg, John N.

Probex Corp. (PRB)

15510 Wright Brothers Drive

Statement for (Month/Day/Year)

If Amendment, Date of Original (Month/Day/Year)

December 2002

(Street)

Relationship of Reporting Person(s) to Issuer (Check All Applicable)

Individual or Joint/Group Filing
(Check Applicable Line)

Addison, TX 75001

(City) (State) (Zip)

Director

10% Owner

Form filed by One Reporting Person

Officer (give title below)

Form filed by More than One Reporting Person

Other (specify below)

VP and Corporate Controller

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 I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

Title of Security
(Instr. 3)

Transaction Date
(Month/Day/Year)

2a.

Deemed Execution
Date, if any.
(Month/Day/Year)

Transaction Code
(Instr. 8)

Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

Amount of Securities
Beneficially Owned
Following Reported
Transactions(s)
(Instr. 3 and 4)

Ownership
Form:
Direct (D) or
Indirect (I)
(Instr. 4)

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Code

Amount

(A)
or
(D)

Price

Common Stock

12/31/02

J(1)

6,720

$0.75

97,109

By IRA

Page 2

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

Title of Derivative
Security
(Instr. 3)

Conversion or Exercise
Price of Derivative
Security

Transaction
Date
(Month/Day/Year)

3a.

Deemed Execution
Date, if any
(Month/Day/Year)

Transaction
Code
(Instr. 8)

Number of Derivative Securities
Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

Code

(A)

(D)

Page 3

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned — Continued
(e.g., puts, calls, warrants, options, convertible securities)

Date Exercisable and
Expiration Date
(Month/Day/Year)

Title and Amount
of Underlying Securities
(Instr. 3 and 4)

Price of Derivative
Security
(Instr. 5)

Number of Derivative
Securities Beneficially Owned
Following Reported Transaction(s)
(Instr. 4)

10.

Ownership Form of
Derivative Security:
Direct (D) or Indirect (I)
(Instr. 4)

11.

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

Explanation of Responses:

(1) Received as consideration for the extension of an obligation of the Issuer.

/s/ J. Brobjorg		01/01/03
**Signature of Reporting Person		Date

**		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.

Page 4

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