SEC Form 4 · accession 0001209191-16-104528
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
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 4:41 pm EST
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 | Feb 29, 2016 | A | 22,720 | $0.00 | A | 116,877 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of 22,720 restricted shares under the 2003 Plan as amended, restated and adopted with a four year quarterly vesting schedule as to the lapse of restrictions thereof with 1/16 equal portions (1,420 shares) vesting quarterly, with the next 1/16 vesting on April 1, 2016 and thereafter equal 1/16 portions on April 1, July 1, October 1 and January 1, each year until all such shares shall have vested, which shall be January 1, 2020.
- F2Includes above 22,720 restricted shares and includes 54,200 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 6675 shares on April 1, 2016, July 1, 2016, October 1, 2016, January 1, 2017, 4375 on April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018;and 2500 on April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019.