Sec Form 4 Filing - HUI JOHN C K @ VASOMEDICAL INC - 2010-03-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
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1. Name and Address of Reporting Person
HUI JOHN C K
2. Issuer Name and Ticker or Trading Symbol
VASOMEDICAL INC [ VASO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Technology Officer
(Last) (First) (Middle)
C/O VASOMEDICAL, INC., 180 LINDEN AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
03/16/2010
(Street)
WESTBURY, NY11590
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 789,322 I H&L Living Trust ( 1 )
Common Stock 03/16/2010 A 333,334 A 333,334 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2004 Stock Option Plan Right to Buy $ 0.22 04/04/2006 A 200,000 04/04/2006 04/03/2016 Common Stock 200,000 $ 0.22 200,000 D
2004 Stock Option Plan-Right to Buy $ 0.58 09/21/2005 A 40,000 ( 2 ) 09/20/2015 Common Stock 40,000 $ 0.58 40,000 D
2004 Stock Option Plan Right to Buy $ 0.57 05/31/2006 06/22/2015 Common Stock 29,558 29,558 D
1999 Stock Option Plan - Right to Buy $ 1.11 ( 3 ) 07/12/2014 Common Stock 50,000 50,000 D
1999 Stock Option Plan (Right to Buy) $ 3.96 ( 2 ) 07/11/2011 Common Stock 50,000 50,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HUI JOHN C K
C/O VASOMEDICAL, INC.
180 LINDEN AVENUE
WESTBURY, NY11590
X Chief Technology Officer
Signatures
/s/ John C. K. Hui 04/20/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These shares are owned by H&L Living Trust for the benefit of the reporting person's child. The reporting person and his spouse are the trustees of this trust.
( 2 )These options vest over a three year-period at the rate of 33 1/3% per year, with the first options vesting one year from the date of grant.
( 3 )The options become exercisable in four equal annual installments commencing on the first anniversary of the grant date.
( 4 )Common stock issued as compensation.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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