Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

OMB Number: 3235-0287
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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Paulson Capital Corp.

2. Issuer Name and Ticker or Trading Symbol
Careside, Inc. (CASI)

6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
    Director                                   X 10% Owner
    Officer (give title below)          Other (specify below)

                                                  

(Last)      (First)     (Middle)

811 SW Naito Parkway, Suite 200
 

3. I.R.S. Identification Number
of Reporting Person,
if an entity (voluntary)

 

4. Statement for
Month/Day/Year
2/20/03

(Street)

Portland, OR 97204

5. If Amendment,
Date of Original
(Month/Day/Year)
 		 7. Individual or Joint/Group Filing (Check Applicable Line)
    Form filed by One Reporting Person
X(1) 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. Trans-
action
Date
(Month/ Day/
Year)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship 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

11/06/02

 

P

 

5,000

A

.0002

2,986,450

I

See footnote(2)

Common Stock

11/13/02

 

P

 

5,000

A

.0002

2,986,450

I

See footnote

Common Stock

11/20/02

 

P

 

2,193

A

.0009

2,986,450

I

See footnote

Common Stock

11/22/02

 

P

 

4,400

A

.0004

2,986,450

I

See footnote

Common Stock

11/26/02

 

P

 

1,100

A

.0009

2,986,450

I

See footnote

Common Stock

12/20/02

 

P

 

12,500

A

.0002

2,986,450

I

See footnote

Common Stock

12/24/02

 

P

 

17,000

A

.0001

2,986,450

I

See footnote

Common Stock

12/26/02

 

P

 

1,700

A

.0011

2,986,450

I

See footnote

Common Stock

12/27/02

 

P

 

650

A

.0015

2,986,450

I

See footnote

Common Stock

12/30/02

 

P

 

13,000

A

.0001

2,986,450

I

See footnote

Common Stock

12/31/02

 

P

 

2,100

A

.0009

2,986,450

I

See footnote

Common Stock

1/28/03

 

P

 

300

A

.0033

2,986,450

I

See footnote

Common Stock

2/20/03

 

P

 

10,800

A

.0001

2,986,450

I

See footnote
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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number
FORM 4 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Warrant (right to buy)

9.00

10/22/02

 

P

 

30,000

 

 

6/16/04

Common Stock

30,000

.0000

618,700

I

See footnote

Warrant (right to buy)

9.00

11/01/02

 

P

 

10,000

 

 

6/16/04

Common Stock

10,000

.0001

618,700

I

See footnote

Warrant (right to buy)

9.00

11/06/02

 

P

 

5,000

 

 

6/16/04

Common Stock

5,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

11/13/02

 

P

 

5,000

 

 

6/16/04

Common Stock

5,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

11/20/02

 

P

 

2,000

 

 

6/16/04

Common Stock

2,000

.0005

618,700

I

See footnote

Warrant (right to buy)

9.00

11/22/02

 

P

 

4,000

 

 

6/16/04

Common Stock

4,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

11/25/02

 

P

 

500

 

 

6/16/04

Common Stock

500

.0020

618,700

I

See footnote

Warrant (right to buy)

9.00

12/5/02

 

P

 

5,000

 

 

6/16/04

Common Stock

5,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

12/18/02

 

P

 

4,000

 

 

6/16/04

Common Stock

4,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

12/20/02

 

P

 

12,000

 

 

6/16/04

Common Stock

12,000

.0001

618,700

I

See footnote

Warrant (right to buy)

9.00

12/23/02

 

P

 

5,000

 

 

6/16/04

Common Stock

5,000

.0002

618,700

I

See footnote

Warrant (right to buy)

9.00

12/24/02

 

P

 

22,000

 

 

6/16/04

Common Stock

22,000

.0001

618,700

I

See footnote

Warrant (right to buy)

9.00

12/27/02

 

P

 

1,000

 

 

6/16/04

Common Stock

1,000

.0010

618,700

I

See footnote

Warrant (right to buy)

9.00

12/30/02

 

P

 

23,200

 

 

6/16/04

Common Stock

23,200

.0001

618,700

I

See footnote

Warrant (right to buy)

9.00

12/31/02

 

P

 

11,000

 

 

6/16/04

Common Stock

11,000

.0000

618,700

I

See footnote

Warrant (right to buy)

9.00

1/28/03

 

P

 

300

 

 

6/16/04

Common Stock

300

.0033

618,700

I

See footnote

Warrant (right to buy)

9.00

2/20/03

 

P

 

5,000

 

 

6/16/04

Common Stock

5,000

.0002

618,700

I

See footnote

Explanation of Responses:

(1) In addition to Paulson Capital Corp. ("PCC"), the following are reporting parties: Chester L.F. Paulson, Jacqueline M. Paulson, Paulson Family LLC ("LLC") and Paulson Investment Company ("PIC"). The address for each of the reporting parties is the same as that provided for PCC.
(2) Mr. and Mrs. Paulson are controlling managers of LLC, which is a controlling shareholder of PCC, which is the parent company of PIC. The securities are held in the name of PIC. Mr. and Mrs. Paulson and LLC expressly disclaim any beneficial ownership of securities in the name of PIC.
  By: /s/ Harry L. Striplin, Attorney-in-Fact for
             Chester L.F. Paulson, Chairman
**Signature of Reporting Person		 4/9/03
Date

**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 is insufficient, See Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

 
Pursuant to general Instruction number 7 to Form 4, the following additional reporting

persons are covered by this joint filing:



Names:

Chester L.F. Paulson, individually
Jacqueline M. Paulson, individually
Paulson Family LLC
Paulson Investment Company


Address of each such person:


811 SW Naito Parkway, Suite 200
Portland, OR 97204



Designated Filer:


Paulson Capital Corp.



Signatures:

/s/ Harry L. Striplin, Attorney-in-Fact for
Chester L.F. Paulson, individually


/s/ Harry L. Striplin, Attorney-in-Fact for
Jacqueline M. Paulson


Paulson Family LLC

By: /s/ Harry L. Striplin, Attorney-in-Fact for
Chester L.F. Paulson, Manager

Paulson Investment Company

By: /s/ Harry L. Striplin, Attorney-in-Fact for
Chester L.F. Paulson, Chairman