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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
1270356	J Christopher Reading	1300 W. Sam Houston Pkwy S. Suite 300 Houston TX 77042	Chief Executive Officer	Yes	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	2015-03-19	22,600	$48.12	119,157	No	4	S	Direct

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

Footnotes

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $48.00 - $48.78, 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.
Includes 40,000 restricted shares granted under the 2003 Plan as amended, restated and adopted with a four year quarterly vesting scheduled as to the lapse of restrictions thereof with 1/16 equal portions (1,250 shares) vesting quarterly, with the next 1/16 vesting on April 1, 2015 and thereafter equal 1/16 portions on April 1, July 1, October 1, each year until all such shares shall have vested, which shall be January 1, 2019. Also includes 46, 684 shares of common stock which were granted as restricted stock under the company's equity plans for which restrictions have not lapsed. Restrictions lapse as to 1,443 shares on each of March 31, 2015, June 30, 2015, September 30, 2015 and 1455 on December 31, 2015; 4175 shares on each of January 1, April 1, July 1, and October 1, of each year beginning April 1, 2015 and ending January 1, 2017; and 1875 shares on each of April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018.