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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 5

                  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

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

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1. Name and Address of Reporting Person*

     BEAN                              REX                    C.
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     (Last) (First) (Middle) 1600 West Merit Parkway
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                                    (Street)
     South Jordan                   UT                      84095
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     (City) (State) (Zip) Merit Medical Systems, Inc. (MMSI)
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2.   Issuer Name and Ticker or Trading Symbol

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3.   IRS  Identification  Number of Reporting Person,  if an Entity  (Voluntary)
     March 12, 2003
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4. Statement for Month/Year

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5. If Amendment, Date of Original (Month/Year)


                                Page 1 of 2 Pages


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

     [X]  Director  [ ] 10%  Owner [ ]  Officer  (give  title  below)  [ ] Other
     (specify below)

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7.   Individual or Joint/Group Filing (Check applicable line)

     [X] Form  filed by one  Reporting  Person [ ] Form  filed by more  than one
     Reporting Person

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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                              or Beneficially Owned
                                                                                               



                                                       4.   Amount   of   Owner-
                                                       Securities  Acquired  (A)
                                                       or    Securities     ship
                                                       Disposed      of      (D)
                                                       Beneficially   Form:   7.
                                                       (Instr. 3, 4 and 5) Owned
                                                       at End Direct Nature of
                       2. 3. of Issuer's (D) or Indirect
1.                     Transaction      Transaction            (A)                   Fiscal Year   Indirect      Beneficial
Title of Security      Date             Code           Amount   or   Price          (Instr. 3     (I)            Ownership
(Instr. 3)            (mm/dd/yy)       (Instr. 8)              (D)                   and 4)       (Instr.4)     (Instr. 4)
===========================================================================================================================
Common Stock
No Par Value          03/10/03          S             1,500    D    $18.855                      D
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Common Stock
No Par Value          03/10/03          S               500    D    $18.83                       D
---------------------------------------------------------------------------------------------------------------------------

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Common Stock
No Par Value                                                                         131,693     D
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Common Stock                                                                                                    Revocable
No Par Value          N/A                                                             70,000     I              Trust
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*    If the form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder:  Report on a separate line for each class of  securities  beneficially
owned directly or indirectly.


Explanation of Responses:
/s/ Rex C. Bean(1)                              03/12/03
-----------------------------------              -----------
      **Signature of Reporting Person            Date

(1) Greg  Barnett as  Attorney-in-Fact  pursuant  to a Power of  Attorney  dated
    September  14,  2002,  a manually  signed  copy of which is on file with the
    Commission and is incorporated here by reference.

**   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 provided is insufficient, see Instruction 6 for procedure.





                                Page 2 of 2 Pages