UNIVERSAL HEALTH SERVICES INC — Director's Dealing 2016

Mar 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL HEALTH SERVICES INC (UHS)
CIK: 0000352915
Period of Report: 2016-03-07

Reporting Person: Gibbs Lawrence S. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-07	Class B Common Stock	M	3750	$36.95	Acquired	5186	Direct
2016-03-07	Class B Common Stock	M	3750	$53.38	Acquired	8936	Direct
2016-03-07	Class B Common Stock	F	2932	$115.54	Disposed	6004	Direct
2016-03-08	Class B Common Stock	S	6000	$112.135	Disposed	4	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-07	Option To Purchase Class B Common Stock	$36.95	M	3750	Disposed	2017-01-17	Class B Common Stock (3750)	Direct
2016-03-07	Option To Purchase Class B Common Stock	$53.38	M	3750	Disposed	2018-01-15	Class B Common Stock (3750)	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 $111.68 to $113.20, inclusive. The reporting person undertakes to provide to 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 option vested on 1/18/2016.

F3: The option vested on 1/16/2016.