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

                                     FORM 4

                  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 this box if no longer subject of 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*

     Sicilian                      Michael
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   (Last)                           (First)             (Middle)

c/o MIM Corporation, 100 Clearbrook Road
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                                    (Street)
Elmsford                              New York              10523
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   (City)                           (State)              (Zip)
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2. Issuer Name and Ticker or Trading Symbol

MIM Corporation (MIMS)
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3. IRS or Social Security Number of Reporting Person (Voluntary)

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4. Statement for Month/Year

June, 2002
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5. If Amendment, Date of Original (Month/Year)

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

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

President of BioScrip Injectable Division
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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
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6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) - ---------------------------------------------------------------------------------------------------------------------------------- Common Stock 06/03/02 P V 1,200 A $10.84 20,200(1) D (Par Value $0.0001 per share) "Common Stock" ================================================================================================================================== * 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. Page 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =============================================================================== 9. 10. Number Owner- of ship 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature of Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) - ---------------------------------------------------------------------------------------------------------------------------------- Options $6.14 (2) 07/02/11 Common 100,000 N/A (Right to Buy) Stock to acquire Common Stock - ---------------------------------------------------------------------------------------------------------------------------------- Options $10.63 06/04/02 V A (3) 06/04/12 Common 25,000 125,000 D (Right to Buy) Stock to acquire Common Stock - ---------------------------------------------------------------------------------------------------------------------------------- ==================================================================================================================================
Explanation of Responses: (1) Includes 15,000 restricted shares of Common Stock which are subject to restrictions on transfer and encumbrance prior to the scheduled vesting date and are automatically forfeited to the Company upon termination of Mr. Sicilian's employment prior to the scheduled vesting of Mr. Sicilian's shares. The restrictions to which the restricted shares are subject may lapse prior to the scheduled vesting date upon the achievement by the Company of certain specified levels of earnings per share in future fiscal years prior to the scheduled vesting date. (2) Vests and becomes exercisable in three equal annual installments on the first three anniversary of the date of grant (7/2/01) (3) Vests and becomes exercisable in three equal annual installments on the first three anniversary of the date of grant (6/4/02) /s/ Michael J. Sicilian June 18, 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 provided is insufficient, see Instruction 6 for procedures. Page 2 of 2