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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
885978	U S Physical Therapy Inc	USPH	Services-Health Services (8000)	760364866

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1315304	Glenn Mcdowell	1300 W Sam Houston Pkwy S Suite 300 Houston TX 77042	Chief Operating Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-12-04	18,340	$39.96	29,888	No	4	S	Direct
Common Stock	Disposition	2014-12-05	1,281	$39.80	28,607	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Footnotes

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $39.80- $40.12, both inclusive. The reporting person undertakes to provide to U.S. Physical Therapy, Inc., any of its shareholders or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
These shares of common stock were granted as restricted stock under the company's equity plan for which restrictions have not lapsed. Restrictions lapse as to 2,212 on 12/31/14; 2,087 on 1/1/15; 962 on 3/31/15; 2,087 on 4/1/15; 962 on 6/30/15; 2,087 on 7/1/15; 962 on 9/30/15; 2,087 on 10/1/15; 970 on 12/31/15; 2,087 on each of 1/1/16, 4/1/16, 7/1/16, 10/1/16 and 1/1/17; 937 on each of 4/1/17, 7/1/17 and 10/1/17; and final 945 on 1/1/18.