SEC Form 4 · accession 0001209191-15-027042
U S PHYSICAL THERAPY INC /NV · USPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Reading
Officer — Chief Executive Officer · Director
Period of report
Mar 16, 2015
Accepted (ET)
Mar 17, 2015 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000885978
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 16, 2015 | S | 2,400 | $49.29 | D | 141,757 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $49.25 - $49.36, 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.
- F2Includes 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.