X0306 4 2014-03-03 0001001604 EMERITUS CORP\WA\ ESC 0001410713 Werdel Melanie Cobb C/O EMERITUS CORPORATION 3131 ELLIOTT AVE, STE 500 SEATTLE WA 98121 1 EVP Administration Common Stock 2014-03-03 4 S 0 8923.0000 31.7150 D 91934.0000 D The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 16, 2013. /s/ Lisa M. Loran, Attorney-in-Fact 2014-03-04