4 1 p1011-4.txt FORM 4 FOR LOU ROSS ====== 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(f) of the Investment Company Act of 1940 ================================================================================ 1. Name and Address of Reporting Person* Ross Lou L. -------------------------------------------------------------------------------- (Last) (First) (Middle) 14455 N. Hayden Road, Suite 202 -------------------------------------------------------------------------------- (Street) Scottsdale AZ 85260 -------------------------------------------------------------------------------- (City (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol National Scientific Corporation; NSCT ================================================================================ 3. I.R.S. Identification Number of Reporting Person, if an Entity (Voluntary) ================================================================================ 4. Statement for Month/Day/Year 10/11/2002 ================================================================================ 5. If Amendment, Date of Original (Month/Day/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chairman of the Board --------------------- ================================================================================ 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 ============================================================================================================================ 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of (Instr. 3) action action or Disposed of (D) Securities ship Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial (Month/ (Instr. 8) Owned atFollow- Direct Owner- Day/ ---------- ------------------------------- ~~End~~ing ofReported ~~Month~~ (D) or ship Year) (A) or Transaction(~~Instr. 3 and 4~~s) Indirect (Instr. 4) Code V Amount (D) Price (Instr. 3 and 4) (I) (Instr. 4) ---------------------------------------------------------------------------------------------------------------------------- NSCT Common Stock 10/11/02 A 66,806 A $0.11 2,771,846 D ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ============================================================================================================================

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). 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 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- (Instr. 3) sion or action tion ative Securities Exercise Date Code Acquired (A) or Price of (Month/ (Instr. 8) Disposed of (D) Deri- Day/ (Instr. 3,4, and 5) vative Year) ----------- ------------------------- Security Code V (A) (D) ---------------------------------------------------------------------------------------------------- ~~Call Option $ 1.00 12/01/01 V 75,000~~ ---------------------------------------------------------------------------------------------------- ~~Call Option $ 2.00 12/01/01 V 75,000~~ ---------------------------------------------------------------------------------------------------- ~~Call Option $ 3.00 12/01/01 V 75,000~~ ---------------------------------------------------------------------------------------------------- ~~Call Option $ 4.00 12/01/01 V 75,000~~ ---------------------------------------------------------------------------------------------------- ~~Call Option $ 5.00 12/01/01 V 75,000~~ ---------------------------------------------------------------------------------------------------- ~~Call Option $~~ 6.00 12/01/01 V 75,000 ---------------------------------------------------------------------------------------------------- Call Option $ 7.00 12/01/01 V 75,000 ---------------------------------------------------------------------------------------------------- Call Option $ 8.00 12/01/01 V 75,000 ---------------------------------------------------------------------------------------------------- Call Option $ 9.00 12/01/01 V 75,000 ---------------------------------------------------------------------------------------------------- Call Option $10.00 12/01/01 V 75,000 ---------------------------------------------------------------------------------------------------- 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Nature cisable and Underlying Securities of of Deriv- ship of Expiration (Instr. 3 and 4) Deriv- ative Form of Indirect Date ative Secur- Deriv- Benefi- (Month/Day/ Secur- ities ative cial Year) ity Bene- Security: Owner- ---------------- ----------------------- (Instr. ficially Direct ship Date Expira- Amount or 5) Owned (D) or (Instr. 4) Exer- tion Title Number of atFollowing ~~End~~ Indirect cisable Date Shares ofReported (I) ~~Month~~Transaction(s) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------ ~~12/1/01 12/1/2011 Common Stock 75,000 $ 1.00 750,000 D~~ ------------------------------------------------------------------------------------------------------ ~~12/1/01 12/1/2011 Common Stock 75,000 $ 2.00 750,000 D~~ ------------------------------------------------------------------------------------------------------ ~~12/1/01 12/1/2011 Common Stock 75,000 $ 3.00 750,000 D~~ ------------------------------------------------------------------------------------------------------ ~~12/1/01 12/1/2011 Common Stock 75,000 $ 4.00 750,000 D~~ ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $ 5.00 750,000 D ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $ 6.00 750,000 D ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $ 7.00 750,000 D ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $ 8.00 750,000 D ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $ 9.00 750,000 D ------------------------------------------------------------------------------------------------------ 12/1/01 12/1/2011 Common Stock 75,000 $10.00 750,000 D ======================================================================================================

Explanation of Responses: /s/ Lou L. Ross 10/11/2002 ------------------------------- --------------- **Signature of Reporting Person 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. Page 2

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