UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

~~February~~April 1323, 2003

COMPUTER MOTION, INC.

(Exact name of registrant as specified in its charter)


Delaware (State or other jurisdiction of incorporation)		000-22755 (Commission File Number)		77-0458805 (IRS Employer Identification No.)


130-B Cremona Drive, Goleta, California (Address of principal executive offices)		93117 (Zip Code)

Registrant’s telephone number, including area code: (805) 685-3729

Page 1 of 3

TABLE OF CONTENTS

	Item 5. Other Events
	Item 7. Financial Statements and Exhibits.
	Item 7. Financial Statement and Exhibits
	Item 9. Regulation FD Disclosure.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 4.2
EXHIBIT 99.1
EXHIBIT 10.1

Item 5 7. ~~Other~~Financial ~~Events~~ Statements and Exhibits.

OnExhibit February 13, 2003, the Company entered into a Loan and Security Agreement (the “Agreement”) with Agility Capital, LLC (“Agility”) for a short-term bridge loan in the aggregate principal amount of $2,300,000 (the “Bridge Loan”)99.1 ~~The~~Press proceeds of the Bridge Loan will be used by the Company to provide funds for the issuance of a letter of credit to support the issuance of a bond as required by the District Court of Delaware in response to litigation currently pending. The Bridge Loan is evidenced by a Secured Promissory Note that bears interest at a rate of 9% per annumRelease, isdated ~~secured~~April ~~by all of the Company’s assets and is payable in full on November 12~~24, 2003~~. In connection with the Bridge Loan~~, ~~the Company has~~ issued toby ~~Agility~~Computer ~~a warrant to purchase up to an aggregate of 500~~Motion,~~000~~ ~~shares of its Common Stock at a purchase price of $0~~Inc.97 per share (the “Warrant”). The Company intends to register the shares of Common Stock issuable upon exercise of the Warrant on Form S-3 with the Securities and Exchange Commission pursuant to registration rights contained in the Warrant.

Item 7 9. Regulation FD Disclosure. The information included in this section is intended to be included under “Item 12. Disclosure of Results of Operations and Financial ~~Statement~~Condition” and ~~Exhibits~~ is included under this Item 9 in accordance with SEC Release No. 33-8216. On April 24, 2003, Computer Motion, Inc. issued a press release announcing its financial results for the fiscal quarter ended March 31, 2003. A copy of the press release making this announcement is attached hereto as Exhibit 99.1 and incorporated herein by reference. The press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

(c) Exhibits
4.1	Form of Secured Promissory Note (included as Exhibit C to Exhibit 10.1 below).
4.2	Form of Warrant to purchase shares of Common Stock of Computer Motion, Inc.
10.1	Form of Loan and Security Agreement, dated February 13, 2003, between Computer Motion, Inc. and Agility Capital, LLC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

COMPUTER MOTION, INC February 24, 2003 /s/ Robert W. Duggan Robert W. Duggan Chairman and Chief Executive Officer


		COMPUTER MOTION, INC

		/s/ Robert W. Duggan
April 24, 2003		Robert W. Duggan Chairman and Chief Executive Officer

EXHIBIT INDEX

Exhibit
Number		Description
4.1		Form of Secured Promissory Note (included as Exhibit C to Exhibit 10.1 below).
99.1		Press Release dated April 24, 2003
4.2		Form of Warrant to purchase shares of Common Stock of Computer Motion, Inc.
10.1		Form of Loan and Security Agreement, dated February 13, 2003, between Computer Motion, Inc. and Agility Capital, LLC.

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