UNIVERSAL HEALTH SERVICES INC — Director's Dealing 2016

Jun 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL HEALTH SERVICES INC (UHS)
CIK: 0000352915
Period of Report: 2016-06-09

Reporting Person: OSTEEN DEBRA K (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-06-09	Class B Common Stock	M	17500	$138.74	Acquired	105940	Direct
2016-06-09	Class B Common Stock	F	11723	$138.74	Disposed	94217	Direct
2016-06-09	Class B Common Stock	S	6756	$138.27	Disposed	87461	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-06-09	Option To Purchase Class B Common Stock	$53.38	M	17500	Disposed	2018-01-15	Class B Common Stock (17500)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $138.13 to $138.44, inclusive. The reporting person undertakes to provide Universal Health Services, Inc. (the "Company"), any stockholder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1.

F2: The options vested on 01/16/2016.