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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
|_| Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
(Print of Type Responses)
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1. Name and Address of Reporting Person*
Vecsi Jan Martens
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(Last) (First) (Middle)
c/o PDI, Inc.
10 Mountainview Road
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(Street)
Upper Saddle River, New Jersey 07458
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
PDI, INC (Nasdaq National Market: "PDII")
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3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
11/18/02
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|_| Officer (give title below) |_| Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable line)
|X| Form Filed by One Reporting Person
|_| Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock,
par value $.01 per share 11/18/02 11/18/02 L V 400 A $9.20 200 D
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Common Stock,
par value $.01 per share 400 I *1
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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).
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 control number
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Stock Option Common
(right to buy) $16.00 *2 5/19/08 Stock 7,500 7,500 D
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Stock Option Common
(right to buy) $27.00 *3 6/02/09 Stock 3,750 3,750 D
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Stock Option Common
(right to buy) $27.84 *4 06/07/10 Stock 7,500 7,500 D
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Stock Option Common
(right to buy) $83.685 *5 07/11/11 Stock 7,500 7,500 D
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Stock Option Common
(right to buy) $14.16 07/18/02 07/18/02 A V 7,500 *6 07/18/12 Stock 7,500 7,500 D
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Explanation of Responses: *1: These shares are owned by the son of the Reporting
Person. The Reporting Person disclaims beneficial ownership of all securities
held by her majority son and her report should not be deemed an admission that
the Reporting Person is the beneficial owner of such securities for purposes of
Section 16 or for any other purpose; *2: The stock option granted on 5/19/98 is
currently exercisable with respect to all 7,500 shares. *3: The stock option
granted on 6/02/99 is currently exercisable with respect to all 3,750 shares.
*4: The stock option granted on 6/07/00 is currently exercisable with respect to
all 7,500 shares. *5: The stock option granted on 7/11/01 is exercisable as
follows: i) immediately for the purchase of 5,000 shares; and ii) for the
purchase of 2,500 shares on the 2nd anniversary of the grant date. *6: The stock
option granted on 7/18/02 is exercisable as follows: i) immediately for the
purchase of 2,500 shares; and ii) for the purchase of 2,500 shares on each of
the 1st and 2nd anniversaries of the grant date, respectively.
/s/ Jan Martens Vecsi 11/18/2002
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**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.
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