-------------------------------
                                                          OMB APPROVAL
                                                 -------------------------------
                                                 OMB Number
                                                 Expires:
                                                 Estimated average burden
                                                 hours per response .........0.5

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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(f) 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).

- --------------------------------------------------------------------------------
1.   Name and Address of Reporting Person*

     BEAN                          REX                    C.
- --------------------------------------------------------------------------------
     (Last)                          (First)              (Middle)
     1600 WEST MERIT PARKWAY
- --------------------------------------------------------------------------------
                                    (Street)
     SOUTH JORDAN                    UT                    84095
- --------------------------------------------------------------------------------
     (City)                          (State)                (Zip)
     MERIT MEDICAL SYSTEMS, INC.  (MMSI)
- --------------------------------------------------------------------------------
2.   Issuer Name and Ticker or Trading Symbol

- --------------------------------------------------------------------------------
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

- --------------------------------------------------------------------------------
4.   Statement for Month/Year
     March 20, 2003
- --------------------------------------------------------------------------------
5.   If Amendment, Date of Original (Month/Year)


                                Page 1 of 2 Pages


- --------------------------------------------------------------------------------
6.   Relationship of Reporting Person 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 5. 6. 4. Amount of Owner- Securities Acquired (A) or Securities ship Disposed of (D) Beneficially Form: 7. (Instr. 3, 4 and 5) Owned at End Direct Nature of 2. 3. of Issuer's (D) or Indirect 1. Transaction Transaction (A) Fiscal Year Indirect Beneficial Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) (Instr. 8) (D) and 4) (Instr.4) (Instr. 4) =========================================================================================================================== Common Stock No Par Value - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------------------------------- Common Stock Rex Bean No Par Value S 2,000 D $18.35 136,805 D Investments LLC - --------------------------------------------------------------------------------------------------------------------------- Common Stock Rex Bean Trust No Par Value 9,450 D (revocable) - --------------------------------------------------------------------------------------------------------------------------- Common Stock Rex & Anita Bean No Par Value 39,438 D Trust - --------------------------------------------------------------------------------------------------------------------------- Common Stock Rex Bean No Par Value 10,000 D (cert) - --------------------------------------------------------------------------------------------------------------------------- * If the form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Explanation of Responses: /s/ Rex C. Bean(1) 03/20/03 - ----------------------------------- ----------- **Signature of Reporting Person Date (1) Greg Barnett as Attorney-in-Fact pursuant to a Power of Attorney dated September 14, 2002, a manually signed copy of which is on file with the Commission and is incorporated here by reference. ** 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. Page 2 of 2 Pages