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) September 4, 2003


                    CardioDynamics International Corporation
             (Exact name of registrant as specified in its charter)


California                           0-11868                       95-3533362
- --------------------------------------------------------------------------------
(State or other jurisdiction       (Commission                (I.R.S. Employer
     of incorporation)              File Number)             Identification No.)


6175 Nancy Ridge Drive, San Diego, California                        92121
- --------------------------------------------------------------------------------
(Address of principal executive offices)                          (Zip Code)


       Registrant's telephone number, including area code:   (858) 535-0202
                                                             --------------


                                       n/a
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)








Items 5.  Other Events:

         Exhibit filed with this report:

         Exhibit 1.1 Registrant's press release dated September 4,
         2003, publicly announcing the sale of Company's stock by the
         Allen E. Paulson Trust and personally by the Trustee, J.
         Michael Paulson to an institutional investor.



                                    SIGNATURE

     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.


                                 CARDIODYNAMICS  INTERNATIONAL CORPORATION

Date:  September 4, 2003         By: /s/ Michael K. Perry
                                     ---------------------
                                     Michael K. Perry
                                     Chief Executive Officer