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 FORM 4
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                                   U.S. SECURITIES AND EXCHANGE COMMISSION
                                             WASHINGTON, DC 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

                                                                                                    
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 1. Name and Address of Reporting Person*  2. Issuer Name and Ticker Trading Symbol            6. Relationship of Reporting
                                                                                                   Person(s) to Issuer
                                              Park City Group, Inc. PKCY                       (Check all applicable)
  Ray             Barbara           J.                                                           [ ] Director     [ ] 10% Owner
-----------------------------------------------------------------------------------------------  [X] Officer(give [ ] Other (specify
 (Last)           (First)        (Middle)  3. IRS Identification   4. Statement for Month/Year        title below             below)
                                              Number of Reporting                                  CFO & Corporate Secretary
  333 Main Street #300, P.O. Box 5000         Person, if an entity      9/17/02                   ------------------------------
------------------------------------------        (voluntary)      ---------------------------- ------------------------------------
               (Street)                                            5. If Amendment, Date        7.Individual or Joint/Group
                                                                      of Original                 Filing (Check Applicable Line)
  Park City          UT             84060                             (Month/Year)                [X] Form filed by One Reporting
--------------------------------------------                                                          Person
 (City)            (State)           (Zip)                                                        [ ] Form filed by More than One
                                                                                                      Reporting Person

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                         TABLE 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 1. Title of Security          2. Trans-   3. Transaction  4. Securities Acquired(A)  5. Amount of       6.Owner-      7. Nature of
    (Instr. 3)                    action      Code            or Disposed of (D)         Securities        ship           Indirect
                                  Date        (Instr.8)       (Instr. 3,4 and 5)         Beneficially      Form:          Beneficial
                                  (Month/  --------------  -------------------------     Owned at End      Direct (D)     Ownership
                                   Day/                     Amount   (A) or   Price      of Month          or Indirect    (Instr.4)
                                   Year)    Code     V               (D)                 (Instr. 3 and 4)  (I) (Instr.4)
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                                                                                              None
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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 on 4(b)(v).






FORM 4 (CONTINUED)               Table II -- Derivative Securities Acquired, Disposed of, or Benficially Owned
                                         (e.g., puts, calls, warrants, options, convertible securities)

                                                                                              
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1.Title of    2.Conver-  3.Trans- 4.Tansac-  5.Number of  6.Date Exercis-  7.Title and     8.Price   9.Number   10.Owner-  11.Nature
  Derivative    sion or    action   tion       Derivative   able and         Amount of       of        of Deri-    ship       of In-
  Security      Exercise   Date     Code       Securities   Expiration       Underlying      Deri-     vative      Form of    direct
 (Instr.3)      Price of  (Month/  (Instr.8)   Acquired     Date             Securities      vative    Secur-      Deriva-    Bene-
                Deri-      Day/                (A) or      (Month/Day/      (Intr. 3         Secu-     ities       tive       ficial
                vative     Year)               Disposed     Year)            and 4)          rity      Benefi-     Security:  Owner-
                Security                       of (D)     ----------------- -------------   (Instr.    cially      Direct     ship
                                               (Instr.3,                            Amount   5)        Owned       (D) or    (Instr.
                                                4 and 5)                            or                 at End      Indirect   4)
                                                          Date       Expir-  Title  Number             of          (I)
                                                          Exer-      ation          of                 Month       (Instr.4)
                                   Code   V     (A)  (D)  cisable    Date           Shares            (Instr.4)
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Explanation of Responses: Resignation of Park City Group, Inc., Chief Financial Officer and Corporate Secretary per attached letter.



         /s/ Barbara J. Ray            (1)   9/17/02
         --------------------------------   --------
          Signature of Reporting Person       Date


(1) 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.
Potential persons who are to respond to the collection of information in this form are not required to respond
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[PARK CITY GROUP, INC. LETTERHEAD]


333 Main Street #300
P.O. Box 5000
Park City, UT  84060
(435) 649-2221
Fax:  (435) 645-2110

September 17, 2002


Randall K. Fields
President and CEO
Park City Group, Inc.
333 Main Street #300
P.O. Box 5000
Park City, UT  84060

Re:      Barbara J. Ray

Dear Randy:

I regret to inform you that I will be leaving the employment of Park City Group
as well as resigning from my current duties as Chief Financial Officer and
Corporate Secretary in order to pursue other interests. My last day is effective
September 17, 2002.

It has been a pleasure working here. Please feel free to call me if you have
questions.

Sincerely,


/s/ Barbara J. Ray
------------------------
Barbara J. Ray

BJR/egis