ImageMagick Convert BMP from 24 bit to 16 bit Mode?

I am trying to convert a BMP from 24 bits/pixel to 16 bit/pixel Mode in ImageMagick. convert /tmp/a/new/37.bmp -depth 5 -define bmp:format=bmp2 /tmp/a/new/37_v2_16bit.bmp convert /tmp/a/new/37.bmp -