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  FORM 4                         U.S. SECURITIES AND EXCHANGE COMMISSION
- ----------                               Washington, D.C. 20549
[_] Check this box if
    no longer subject         STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
    to Section 16.
    Form 4 or Form 5       Filed pursuant to Section 16(a) of the Securities
    obligations may           Exchange Act of 1934, Section 17(a) of the
    continue. See            Public Utility Holding Company Act of 1935 or
    Instruction 1(b).      Section 30(f) of the Investment Company Act of 1940

                                                                                       
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1. Name and Address of Reporting Person*    2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person to
                                                                                             Issuer
                                                                                                   (Check all applicable)

   Good           Steven                        OSI Systems, Inc. (OSIS)                   X  Director           ___ 10% Owner
- ---------------------------------------------------------------------------------------   ---
  (Last)          (First)       (Middle)                                                  ___ Officer (give      ___ Other (specify
                                                                                                      title                 below)
C/O OSI Systems, Inc.        3.  IRS or Social Security   4.  Statement for Month/Year                below)
12525 Chadron Avenue             Number of Reporting
                                 Person (Voluntary)                                           _________________________
                                                              9/2001
- --------------------------                                --------------------------------------------------------------------------
      (Street)                                            5.  If Amendment, Date of       7. Individual or Joint/Group Filing
                                                              Original (Month/Year)          (Check applicable line)
                                                                                               X   Form filed by One Reporting
                                                                                              ---  Person
                                                                                              ____ Form filed by More than One
Hawthore     Ca.     90250                                                                         Reporting Person
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(City)     (State)   (Zip)                     Table I -- Non Derivative Securities Acquired, Disposed of, or Beneficially Owned

* If the Form is filed by more than
  one Reporting Person, see Instruction
  4(b)(v).

- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action Code or Disposed of (D) Securities Form: Indirect Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial (Month/ Owned at End or Indirect Ownership Day/ ----------------------------------------------- of Month (I) (Instr. 4) Year) Code V Amount (A) or Price (Instr. 3 and 4) (Instr. 4) (D) - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 100 D $6.67 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 100 D $6.73 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 300 D $6.62 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 300 D $6.70 I GOOD, SWARTZ - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 800 D $6.75 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 1400 D $6.60 I RERNS - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 2000 D $6.65 I - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 5000 D $7.00 I PENSION - ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 9/20/01 S 5000 D $7.50 10,000 I PROFIT - ------------------------------------------------------------------------------------------------------------------------------------ SHARING PLAN (Over)
Reminder: Report on a separate line for each class of securities beneficially owned directly on indirectly. (Print or Type Responses)
- ----------------------------------------------------------------------------------------------------------------------------- 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 Acquired (A) or Price of (Instr. 8) Disposed (D) of Derivative (Month/ Security Day/Year) (Instr. 3, 4, and 5) --------------------------------------------------- Code V (A) (D) - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------------------ 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying Securities of of Deriv- ship ture Expiration Deriv- ative Form of In- Date (Instr. 3 and 4) ative Secur- of De- direct Secur- ities rivative Bene- (Month/Day/ ity Bene- Security: ficial Year) ficially Direct (D) Owner- -------------------------------------------- (Instr. Owned or Indirect ship Date Expira- Amount or 5) at End (I) (Instr. Exer- tion Title Number of of 4) cisable Date Shares Month (Instr. 4) (Instr. 4) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) /s/ Steven Good 3/8/02 ------------------------------- ----------------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.