~~------------------------------------------------------------------------------------------------------------------------------------~~Form 1.5 ~~Title~~[_] ofCheck ~~Security~~box 2.if ~~Trans-~~no 3.longer ~~Trans-~~subject 4to Section 16. ~~Securities~~Form ~~Acquired~~4 ~~(A)~~or Form 5. ~~Amount~~obligations ofmay 6continue. ~~Owner-~~See 7.Instruction ~~Nature~~ 1(~~Instr~~b). [_] Form 3) ~~action~~Holdings ~~action~~Reported or[_] ~~Disposed~~Form of4 ~~(D)~~Transactions ~~Securities~~Reported ~~ship~~UNITED ofSTATES ~~In-~~SECURITIES ~~Date~~AND ~~Code~~EXCHANGE ~~(Instr.~~COMMISSION 3Washington, 4D.C. ~~and~~20549 5)ANNUAL ~~Beneficially~~STATEMENT ~~Form:~~OF ~~direct~~CHANGES ~~(Month/~~IN ~~(Instr.~~BENEFICIAL 8)OWNERSHIP ~~Owned~~Filed atpursuant ~~the~~to ~~Direct~~Section ~~Bene-~~16(a) ~~Day/~~of ~~end~~the Securities Exchange Act of 1934, Section 17(Da) orof ~~ficial~~the ~~Year)~~Public ~~Issuer's~~Utility ~~Indirect~~Holding ~~Owner-~~Company ~~(A)~~Act orof ~~Fiscal~~1935 ~~Year~~or Section 30(If) ~~ship~~of ~~Amount~~the ~~(D)~~Investment ~~Price~~Company ~~(Instr.~~Act 3of ~~and~~1940 4)OMB ~~(Instr.~~APPROVAL 4)OMB ~~(Instr.~~Number: 4) 3235-~~-----------------------------------------------------------------------------------------------------------------------------------~~0362 ~~------------------------------------------------------------------------------------------------------------------------------------~~Expires: ~~------------------------------------------------------------------------------------------------------------------------------------~~September ~~------------------------------------------------------------------------------------------------------------------------------------~~30, ~~------------------------------------------------------------------------------------------------------------------------------------~~1996 ~~------------------------------------------------------------------------------------------------------------------------------------~~Estimated ~~------------------------------------------------------------------------------------------------------------------------------------~~average ~~------------------------------------------------------------------------------------------------------------------------------------~~burden ~~------------------------------------------------------------------------------------------------------------------------------------~~hours ~~------------------------------------------------------------------------------------------------------------------------------------~~per ~~------------------------------------------------------------------------------------------------------------------------------------~~response...1.0

----------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- Security (Instr. 3) sion or action tion Code ative Securities Exercise Date (Instr. 8) Acquired (A) or Price of (Month/ Disposed of (D) Deriv- Day/ (Instr. 3, 4, and 5) ative Year) Security --------------------------- (A) (D) ----------------------------------------------------------------------------------------------------------------------------- Option to purchase $4.29 6/14/01 A 5,000 ----------------------------------------------------------------------------------------------------------------------------- Common Stock ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------


1. Name and Address of Reporting Person* VISHWANATHAN, CHAND	2. Issuer Name and Ticker or Trading Symbol OSI SYSTEMS, INC. (OSIS)		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director _ 10% Owner _ Officer (give title below) _ Other (specify below)

(Last) (First) (Middle)	3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)	4. Statement for Month/Year
C/O OSI SYSTEMS, INC 12525 CHADRON AVENUE		6/02

(Street) HAWTHORNE, CA 90250 (City) (State) (Zip)		5. If Amendment, Date of Original (Month/Year)	7. Individual or Joint/Group Filing (CheckApplicable Line) X Form Filed by One Reporting Person _ Form Filed by More than One Reporting Person

~~------------------------------------------------------------------------------------------------------------------------------------~~Table 6.I ~~Date~~— ~~Exer~~Non-Derivative ~~7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying~~ Securities ofAcquired, ofDisposed ~~Deriv- ship ture Expiration (Instr. 3 and 4) Deriv- ative~~ of, ~~De-~~or ofBeneficially ~~In- Date ative Secur- rivative direct (Month/Day/ Secur- ities Secu- Bene- Year) ity Bene- rity: ficial (Instr. 5) ficially Direct Owner- --------------------------------------------~~ Owned (D) or ship Date Expira- Amount or at End Indi- (Instr. 4) Exer- tion Title Number of of Year rect (1) cisable Date Shares (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ * 6/14/06 Common 5,000 5,000 ------------------------------------------------------------------------------------------------------------------------------------ Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

1. Title of Security
(Instr. 3)

2. Transaction Date

(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 the 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)

Amount

(A) or (D)

Price

If the form is filed by more than one reporting person, see instruction 4(b)(v). (Print or Type Responses)

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)

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 Underlying Securities (Instr. 3
and 4)

8. Price of
Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned at
End of Year (Instr. 4)

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

11. Nature
of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date
Exercisable

Expiration Date

Title

Amount or Number of Shares

OPTIONS TO PURCHASE

19.95

1/29/02

5000

1/29/07

COMMON STOCK

5000

19.95

10,000

COMMON STOCK

Explanation of Responses:

VEST OVER A PERIOD OF THREE YEARS FROM THE DATE OF THE GRANT

/Sd/		8/10/02
**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.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number

Page 2

SEC 1474 (7-96)

Filing Compare · OSI SYSTEMS INC