UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
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
Larsen, Dennis E.
15220 NE 40th Street
Redmond, WA 98073
USA
2. Issuer Name and Ticker or Trading Symbol
SpaceLabs Medical, Inc.
SLMD
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February 27, 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Vice President and General Manager, Supplies Products
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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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
SpaceLabs Medical, Inc. com|2/27/9|A(1)|V|2,000 |A |$20.00 |4,000 |D | |
mon stock |7 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee stock option |$21.88 |2/27/|A(1)|V|12,000 |A |(2) |2/27/|common stock|12,000 | |12,000 |D | |
(right to buy) | |97 | | | | | |07 | | | | | | |
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Explanation of Responses:
(1) Granted pursuant to SpaceLabs Medical, Inc.'s 1992 Option, Stock
Appreciation Right, Restricted Stock,
Stock Grant, and Performance Unit Plan which is exempt under Rule
16b-3.
(2) Right to exercise 25% of the options granted vests in equal annual
installments beginning February 27, 1998.
SIGNATURE OF REPORTING PERSON
/s/ Dennis E. Larsen by Eugene DeFelice as attorney in fact
DATE
March 6, 1997
