-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NC6DNk/cQFRm5S4k5utYi/dCo/mbVNwJE/V87cxJKI9caw/e9pydEipxvJfrxgz3 AtNFfebUtCchrFPQokqBsQ== 0001095449-07-000038.txt : 20070824 0001095449-07-000038.hdr.sgml : 20070824 20070823192433 ACCESSION NUMBER: 0001095449-07-000038 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070824 DATE AS OF CHANGE: 20070823 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: U S PHYSICAL THERAPY INC /NV CENTRAL INDEX KEY: 0000885978 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HEALTH SERVICES [8000] IRS NUMBER: 760364866 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-42530 FILM NUMBER: 071076664 BUSINESS ADDRESS: STREET 1: 1300 WEST SAM HOUSTON PARKWAY STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77043 BUSINESS PHONE: 7132977000 MAIL ADDRESS: STREET 1: 1300 WEST SAM HOUSTON PARKWAY STREET 2: SUITE 300 CITY: HOUSTON STATE: TX ZIP: 77043 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Columbia Pacific Opportunity Fund LP CENTRAL INDEX KEY: 0001399010 IRS NUMBER: 000000000 STATE OF INCORPORATION: WA FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 600 University St STREET 2: Ste 2500 CITY: Seattle STATE: WA ZIP: 98101 BUSINESS PHONE: 2067289063 MAIL ADDRESS: STREET 1: 600 University St STREET 2: Ste 2500 CITY: Seattle STATE: WA ZIP: 98101 SC 13G 1 lp13g.txt SCHEDULE 13G FOR AUGUST 23, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ____)* U.S. Physical Therapy, Inc. (Name of Issuer) common stock (Title of Class of Securities) 90337L108 (CUSIP Number) August 22, 2007 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) For IA & IAR [X] Rule 13d-1(c) For LP if any [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 90337L108 SCHEDULE 13G Page 2 of 1 1 Names of Reporting Persons Columbia Pacific Opportunity Fund, L.P. IRS Identification No. of Above Person (entities only) 021-102883 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization Washington 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) PN CUSIP No. 90337L108 SCHEDULE 13G Page 3 of 1 1 Names of Reporting Persons Columbia Pacific Advisors, LLC IRS Identification No. of Above Person (entities only) 20-8051301 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization Washington 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) IA CUSIP No. 90337L108 SCHEDULE 13G Page 4 of 1 1 Names of Reporting Persons Alexander B. Washburn IRS Identification No. of Above Person (entities only) 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization US 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) IN CUSIP No. 90337L108 SCHEDULE 13G Page 5 of 1 1 Names of Reporting Persons Daniel R. Baty IRS Identification No. of Above Person (entities only) 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization US 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) IN CUSIP No. 90337L108 SCHEDULE 13G Page 6 of 1 1 Names of Reporting Persons Stanley L. Baty IRS Identification No. of Above Person (entities only) 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization US 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) IN CUSIP No. 90337L108 SCHEDULE 13G Page 7 of 1 1 Names of Reporting Persons Brandon D. Baty IRS Identification No. of Above Person (entities only) 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization US 5 Sole Voting Power 750,000 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 750,000 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 750,000 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 6.5% 12 Type of Reporting Person (See Instructions) IN CUSIP No. 90337L108 SCHEDULE 13G Page 8 of 1 Item 1(a). Name of Issuer. U.S. Physical Therapy, Inc. Item 1(b). Address of Issuer's Principal Executive Offices. 1300 West Sam Houston Parkway South, Suite 300, Houston, TX 77042 Item 2(a). Name of Person Filing. Columbia Pacific Opportunity Fund, L.P. Columbia Pacific Advisors, LLC Alexander B. Washburn Daniel R. Baty Stanley L. Baty Brandon D. Baty Item 2(b). Address of Principal Business Office or, if none, Residence. The business address of Columbia Pacific Opportunity Fund, L.P., Columbia Pacific Advisors, LLC, Alexander B. Washburn, Daniel R. Baty, Stanley L. Baty, and Brandon D. Baty is 600 University Street, Suite 2500, Seattle, WA 98101. Item 2(c). Citizenship. Columbia Pacific Opportunity Fund, L.P. is a Washington limited partnership, Columbia Pacific Advisors, LLC is a Washington limited liability company, Alexander B. Washburn, Daniel R. Baty, Stanley L. Baty, and Brandon D. Baty are U.S. citizens. Item 2(d). Title of Class of Securities. Common Stock Item 2(e). CUSIP Number. 90337L108 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). CUSIP No. 90337L108 SCHEDULE 13G Page 9 of 1 (d) [ ] Investment company registered under section 8 of the Investment Company act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with 240.13d- 1(b)(1)(ii)(E). (for Columbia Pacific Advisors, LLC only) (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) [X] A parent holding company or control person in accordance with 240.13b-1(b)(1)(ii)(G). (for Alexander B. Washburn, Daniel R. Baty, Stanley L. Baty, and Brandon D. Baty only) (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) [ ] A church plan that is excluded form the definition of an investment company under section 3(c)(14) of the Investment Company act of 1940 (15 U.S.C. 80a-3). (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Reference is made hereby made to Items 5-9 and 11 of pages two (2), three (3), four (4), five (5), six (6), and seven (7) of this Schedule 13G, which Items are incorporated by reference herein. Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Columbia Pacific Advisors, LLC is deemed to be the beneficial owner of the number of securities reflected in Item 5-9 and 11 of page three (3) of this Schedule 13G pursuant to separate arrangements whereby it acts as investment adviser to certain persons. Each person for whom Columbia Pacific Advisors, LLC acts as investment adviser has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock purchased or held pursuant to such arrangements. CUSIP No. 90337L108 SCHEDULE 13G Page 10 of 1 Alexander B. Washburn is deemed to be the beneficial owner of the number of securities reflected in Item 5-9 and 11 of page four (4) of this Schedule 13G pursuant to his ownership in, and function with, Columbia Pacific Advisors, LLC. Daniel R. Baty is deemed to be the beneficial owner of the number of securities reflected in Item 5-9 and 11 of page five (5) of this Schedule 13G pursuant to his ownership in, and function with, Columbia Pacific Advisors, LLC. Stanley L. Baty is deemed to be the beneficial owner of the number of securities reflected in Item 5-9 and 11 of page six (6) of this Schedule 13G pursuant to his ownership in, and function with, Columbia Pacific Advisors, LLC. Brandon D. Baty is deemed to be the beneficial owner of the number of securities reflected in Item 5-9 and 11 of page seven (7) of this Schedule 13G pursuant to his ownership in, and function with, Columbia Pacific Advisors, LLC. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below, the undersigned certify that, to the best of their knowledge and belief, the securities referred to above on pages two (2), three (3), and four (4) of this Schedule 13G were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. All persons mentioned in this Schedule 13G expressly declare that the filing of this Schedule 13G shall not be construed as an admission that such persons are, for the purposes of sections 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule 13G. CUSIP No. 90337L108 SCHEDULE 13G Page 11 of 1 Signatures After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: August 23, 2007 Columbia Pacific Opportunity Fund, L.P. /s/ Alexander B. Washburn ________________________ By: Alexander B. Washburn its: managing member of Columbia Pacific Advisors, LLC, its general partner Columbia Pacific Advisors, LLC /s/ Alexander B. Washburn ________________________ By: Alexander B. Washburn its: managing member Alexander B. Washburn /s/ Alexander B. Washburn ________________________ By: Alexander B. Washburn Daniel R. Baty /s/ Daniel R. Baty ________________________ By: Daniel R. Baty Stanley L. Baty /s/ Stanley L. Baty ________________________ By: Stanley L. Baty Brandon D. Baty /s/ Brandon D. Baty ________________________ By: Brandon D. Baty Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) -----END PRIVACY-ENHANCED MESSAGE-----