UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Robert A. Hovee
1401 Walnut Street, Suite 540
Boulder, Colorado 80302
2. Issuer Name and Ticker or Trading Symbol
Pro-Dex, Inc./ PDEX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for (Month/Year)
9/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director () 10% Owner () Officer (give title below)
() Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
______________________________________________________________________________
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
______________________________________________________________________________
1.Title of Security |2.Trans-|3.Trans-|4.Securities Acquired (A)|5.Amount of
(Instruction 3) |action |action |or Disposed of (D) |Securities
|Date |Code |(Instr. 3, 4 and 5) |Beneficially
| |(Instr. | |Owned at end
|(Month/ | 8) | |of Issuer's
| Day/ | |_________________________|Fiscal Year
| Year) | | Amount |(A)or(D)| Price|(Instr. 3&4)
_____________________|________|________|________|________|_______|____________
| | | | | | |
_____________________|________|___|____|________|________|_______|____________
____________________________________________________________
6.Ownership Form: |7.Nature of
Direct (D) or | Indirect Beneficial
Indirect (I) | Ownership
(Instr. 4) | (Instr. 4)
____________________|_______________________________________
|
____________________|_______________________________________
______________________________________________________________________________
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
______________________________________________________________________________
1.Title of Derivative|2.Con- |3.Trans-|4.Trans-|5.Number of|6.Date Exercis-
Security (Instr. 3) |version |action |action |Derivative |able and Expira-
|or Exer-|Date |Code |Securities |tion Date
|cise |(Month/ |(Instr. |Acquired(A)|(Month/Day/Year)
|Price of| Day/ | 8) |or Disposed|
|Deriva- | Year) | |of (D) |
|tive | | |(Instr. 3, |
|Security| | | 4, and 5) |
| | | | |
| | | |___________|_________________
| | | | (A) | (D) |Date |Expira-
| | | | | |Exercis-|tion
| | | | | |able |Date
_____________________|________|________|________|_____|_____|_________________
Option to Acquire | | | | | | |
Pro-Dex, Inc. | | | | | | |
Common Stock* | 2.44 |2/27/96 | A | | |2/27/96 |2/27/06
_____________________|________|________|________|_____|_____|________|________
Option to Acquire | | | | | | |
Pro-Dex, Inc. | | | | | | |
Common Stock* | 2.90 |2/27/97 | A | | |2/27/97 |2/27/07
_____________________|________|________|________|_____|_____|________|________
Option to Acquire | | | | | | |
Pro-Dex, Inc. | | | | | | |
Common Stock* | 2.50 |2/27/98 | A | | |2/27/98 |2/27/08
_____________________|________|________|________|_____|_____|________|________
Option to Acquire | | | | | | |
Pro-Dex, Inc. | | | | | | |
Common Stock* | 2.00 |2/27/99 | A | | |2/27/99 |2/27/09
_____________________|________|________|________|_____|_____|________|________
| | | | | |
_____________________|________|________|________|___________|________|________
______________________________________________________________________________
7.Title and |8.Price of |9.Number of |10.Ownership Form |11.Nature of
amount of |Derivative |Derivative |of Derivative |Indirect
Underlying |Security |Securities, |Security: |Beneficial
Securities |(Instr. 5) |Beneficially |Direct (D) or |Ownership
| |Owned at End |Indirect (I) |(Instr. 4)
| |of Year |(Instr. 4) |
____________________| |(Instr. 4) | |
Title |Amount or| | | |
|Number of| | | |
|Shares | | | |
__________|_________|___________|_____________|__________________|____________
Common | 20,000 | | | D |
__________|_________|___________|_____________|__________________|____________
Common | 15,000 | | | D |
__________|_________|___________|_____________|__________________|____________
Common | 15,000 | | 65,000 | D |
__________|_________|___________|_____________|__________________|____________
Common | 15,000 | | | D |
__________|_________|___________|_____________|__________________|____________
| | | | |
__________|_________|___________|_____________|__________________|____________
Explanation of Responses:
*The options will expire, if not exercised, 90 days after the Optionee ceases
to act as a Director.
SIGNATURE OF REPORTING PERSON
/s/ Robert A. Hovee
DATE
10/22/99
