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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 5
ANNUAL 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 box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
|_| Form 3 Holdings Reported
|_| Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Pietruski John M.
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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)
________________________________________________________________________________
4. Statement for Month/Year
December 31, 2002
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5. If Amendment, Date of Original (Month/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. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
2A. 3. Disposed of (D) Beneficially Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Owned Direct Nature of
Trans- Execution Code ------------------------------- at the End (D) or Indirect
1. action Date, if (Instr. 8) (A) of Issuer's Indirect Beneficial
Title of Security Date any ------------ or Fiscal Year (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Amount (D) Price (Instr. 3 & 4) (Instr.4) (Instr.4)
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Common Stock, par
value $.01 per share 2,000 D
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* If the form is filed by more than one reporting person, see instruction
4(b)(v).
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
2. of of
Conver- 5. 7. Deriv- Deriv- 11.
sion Number of Title and Amount ative ative Nature
or Derivative 6. of Underlying 8. Secur- Secur- of
Exer- 3A. 4. Securities Date Securities Price ities ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Bene- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ficially (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Owned In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- at End direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity of Year (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Stock
Option
(right Common
to buy) $16.00 *1 5/19/08 Stock 7,500 7,500 D
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Stock
Option
(right Common
to buy) $27.00 *2 6/02/09 Stock 3,750 3,750 D
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Stock
Option
(right Common
to buy) $27.84 *3 6/07/10 Stock 7,500 7,500 D
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Stock
Option
(right Common
to buy) $83.685 *4 07/11/11 Stock 7,500 7,500 D
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Stock
Option
(right Common
to buy) $14.16 07/18/02 A 7,500 *5 07/18/12 Stock 7,500 7,500 D
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Explanation of Responses:
*1: The stock option granted on 5/19/98 is currently exercisable with respect
to all 7,500 shares.
*2: The stock option granted on 6/02/99 is currently exercisable with respect
to all 3,750 shares.
*3: The stock option granted on 6/07/00 is exercisable as follows: i) 5,000
are currently exercisable; and ii) 2,500 shares on 06/07/02.
*4: The stock option granted on 7/11/01 is exercisable as follows: i) 2,500
are currently exercisable; and ii) 2,500 shares on each of the 1st and 2nd
anniversaries of the grant date, respectively.
*5: The stock option granted on 7/18/02 is exercisable as follows: i) 2,500
are currently exercisable; ii) 2,500 shares on 07/18/03; and iii) 2,500
shares on 07/18/04 .
/s/ John M. Pietruski 2/5/03
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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 provided is insufficient, see Instruction 6 for procedure.