X0306 4 2016-12-09 0 0000885978 U S PHYSICAL THERAPY INC /NV USPH 0001182168 KUNTZ EDWARD L 8807 STABLE CREST BLVD SUITE 300 HOUSTON TX 77042 1 0 0 0 Common Stock 2016-12-09 4 S 0 2500 68.40 D 5750 D The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.30 - $68.60, both inclusive. The reporting person undertakes to provide to U.S. Physical Therapy, Inc., any of its shareholders or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. Includes 1,250 shares of common stock which was granted as restricted stock pursuant to the Company's Amended and Restated 2003 Stock Incentive Plan. Restricted lapse as to 625 shares on each of January 1, 2017 and April 1, 2017. /s/ Edward Kuntz 2016-12-12