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






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(Print or Type Response)

1.  Name and Address of Reporting Person*

Tansky         Burton             M.
(Last)               (First)              (Middle)

The Neiman Marcus Group, Inc.
   1618 Main St.

2.  Issuer Name and Ticker or Trading Symbol

   
The Neiman Marcus Group, Inc.
                 (NMG.A)
3.  IRS or Social Security Number of
     Reporting Persons (Voluntary)

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

     X     Director                    10% Owner
     X     Officer                     Other (specify
                                              below)
      President and Chief Executive Officer

(Street)

Dallas                Texas               75201

4.  Statement for Month/Day/Year
          September 20, 2002

7.  Individual or Joint/Group Filing (Check Applicable)
    X     Form filed by One Reporting Person
           Form filed by More than One Reporting Person

(City)               (State)                 (Zip)

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

 

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

1.  Title of Security

2. Trans-
   action
   Date


 (Month/
  Day/
  Year)

2A. Deemed
  Execution
  Date, if
  Any

3. Transaction
   Code
  (Instr. 8)




Code          V

4. Securities Acquired (A)
   or Disposed of (D)
   (Instr. 3, 4 and 5)




Amount  (A) or (D)    Price

5. Amount of
 Securities
 Beneficially
 Owned
 Following
 Reported
 Transaction(s)
(Instr. 3 and 4)

6. Ownership
   Form:
   Direct (D)
   or Indirect
   (I)


  (Instr. 4) 

7. Nature of
   Indirect
   Bene-
   ficial
  Ownership


   (Instr. 4)

               
               
               
               
               

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).


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

1. Title
of Deriv-
ative Sec-
urity
(Instr. 3)

2. Conver-
  sion or
  Exercise
  Price of
  Deriv-
  ative
  Security

3. Trans-
  action
  Date



  (Month/
  Day/
  Year)

3A.
Deemed
Execution
Date, if
any

(Month/
 Day/
 Year)

4. Transac-
  Code
  (Instr. 8)









Code       V

5. Number
of Deriv-
ative secur-
ities Acq-
quired (A)
or Disposed
of (D)
(Instr. 3, 4
and 5)



(A)          (D)

6. Date Exer-
 cisable and Ex-
 piration Date



 (Month/Day/
  Year)


Date       Expira-
Exer-        tion
siable        Date

7. Title and Amount
of Underlying Sec-
urities
(Instr. 3 and 4)





                   Amount
                   or Num-
                   ber of
Title              Shares

8. Price
of
Deriv-
ative
Secur-
ity





(Instr.5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported
Trans-
action(s)
(Instr. 4)

10. Own-
ership
Form of
Deriva-
tive Secu-
rity:
Direct
(D) or
Indirect
(i)
Instr. 4

11. Na-
ture of
Indirect
Benefi-
cial Owner-
ship
(Instr. 4).


Nonqualified
Stock
Option (1)




$30.97




9-20-02




9-20-02




A




70,000




(1)   9-20-2008


Class A
Common
Stock           70,000




$30.97







D

 


                     

Right to
Receive
Purchased
Restricted
Stock or
Nonqualified
Stock Option
(2)








(2)








9-20-02








9-20-02








A








55,000








(2)






Class A
Common
Stock           55,000








(2)








423,200








D

 


                     

Explanation of Responses:
(1)  Option granted pursuant to The Neiman Marcus Group, Inc. 1997 Incentive Plan, which includes tax withholding rights. Option vests on the third anniversary date of the grant and expires six years from the date of grant.
(2)  Represents the right to elect to receive either purchased restricted stock ("PRS") or to receive nonqualified stock options pursuant to The Neiman Marcus Group, Inc. 1997 Incentive Plan in a transaction exempt from Section 16(b) under Rule 16b-3. PRS is purchased at 50 percent of the fair market value on the date of the award and is subject to repurchase by the Company until the third anniversary date of the award in the event of the recipient's termination of employment. Nonqualified stock options are granted at fair market value on the date of the award, vest on the third anniversary date of the award and expire on the sixth anniversary date of the award.




** Intentional misstatements or omission of facts constitute Federal Criminal
Violations. See 18 U.S. 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 procedures.




           /s/  Burton M. Tansky              
**Signature of Reporting Person




        September 24, 2002     
               Date