Edgar Filing: E-Z-EM, Inc.

Ownership Submission

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 OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

LOMBARDO ANTHONY A

2. Issuer Name and Ticker or Trading Symbol
E-Z-EM, Inc. [EZEM]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President and CEO

(Last)

(First)

(Middle)

1111 MARCUS AVENUE, SUITE LL-26

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2008

(Street)

LAKE SUCCESS, NY 110421034

4. If Amendment, Date Original Filed(Month/Day/Year)

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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	04/01/2008		D		10,000	D	⁽¹⁾	0	I	Jointly with Spouse

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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 (Month/Day/Year)

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

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Option ⁽²⁾

$ 5.5

04/01/2008

250,996

04/03/2001⁽³⁾

04/02/2010

Common Stock

250,996

⁽⁴⁾

Common Stock Option ⁽⁵⁾

$ 14.23

04/01/2008

90,000

01/17/2005

11/14/2014

Common Stock

90,000

⁽⁴⁾

Common Stock Option ⁽⁵⁾

$ 14.48

04/01/2008

40,000

06/02/2006

06/01/2015

Common Stock

40,000

⁽⁴⁾

Common Stock Option ⁽⁵⁾

$ 17.49

04/01/2008

35,000

05/16/2006

05/15/2016

Common Stock

35,000

⁽⁴⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LOMBARDO ANTHONY A 1111 MARCUS AVENUE SUITE LL-26 LAKE SUCCESS, NY 110421034	X		President and CEO

Signatures

By: Joseph A. Cacchioli, as Attorney-In-Fact		04/02/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Disposed of pursuant to the Agreement and Plan of Merger by and among the issuer, Bracco Diagnostics, Inc., Eagle Acquisition Sub, Inc. and, for limited purposes, Bracco Imaging S.p.A. in exchange for a cash payment of $21.00 per share.
(2)	Options granted under E-Z-EM's Employee Stock Option Plan.
(3)	Options are exercisable 25% per year commencing April 3, 2001.
(4)	This option was cancelled in the merger in exchange for a cash payment equal to the difference between the merger consideration of $21.00 per share and the exercise price per share multiplied by the number of shares subject to the option.
(5)	Options granted under E-Z-EM's 2004 Stock and Incentive Award Plan.

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