UNIVERSAL HEALTH SERVICES INC — Director's Dealing 2017

Dec 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL HEALTH SERVICES INC (UHS)
CIK: 0000352915
Period of Report: 2017-11-29

Reporting Person: MILLER ALAN B (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-29	Class B Common Stock	M	200000	$102.33	Acquired	1134088	Direct
2017-11-29	Class B Common Stock	F	147467	$102.33	Disposed	986621	Direct
2017-11-30	Class B Common Stock	M	150000	$107.47	Acquired	1136621	Direct
2017-11-30	Class B Common Stock	F	108546	$107.47	Disposed	1028075	Direct
2017-12-01	Class B Common Stock	M	100000	$108.35	Acquired	1128075	Direct
2017-12-01	Class B Common Stock	F	72142	$108.35	Disposed	1055933	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-29	Option To Purchase Class B Common Stock	$53.38	M	200000	Disposed	2018-01-15	Class B Common Stock (200000)	Direct
2017-11-30	Option To Purchase Class B Common Stock	$53.38	M	150000	Disposed	2018-01-15	Class B Common Stock (150000)	Direct
2017-12-01	Option To Purchase Class B Common Stock	$53.38	M	100000	Disposed	2018-01-15	Class B Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	14858	Indirect
Class B Common Stock	22259	Indirect
Class B Common Stock	62883	Indirect
Class B Common Stock	55763	Indirect
Class B Common Stock	14858	Indirect
Class B Common Stock	22259	Indirect
Class B Common Stock	62883	Indirect
Class B Common Stock	14858	Indirect
Class B Common Stock	22259	Indirect
Class B Common Stock	62883	Indirect
Class B Common Stock	10810	Indirect
Class B Common Stock	59900	Indirect
Class B Common Stock	55763	Indirect

Footnotes

F1: Option vests ratably on each of 1/16/2014, 1/16/2015, 1/16/2016 and 1/16/2017.