X0306 4 2019-11-22 0 0000885978 U S PHYSICAL THERAPY INC /NV USPH 0001519948 REEVE GRAHAM D. 1300 W SAM HOUSTON PKWY S SUITE 300 HOUSTON TX 77042 0 1 0 0 COO Common Stock 2019-11-22 4 S 0 476 116.06 D 3839 I Reeve Trust Common Stock 12687 D Shares are held in the Reeve Living Trust, which Mr. Reeve is a trustee and beneficiary. These 12,687 shares of restricted stock were granted under the Company's equity plans. Restrictions lapse as to 1,121 shares on each of January 1, April 1, July1, October 1, 2020 and 2021; 1,124 shares on each of January 1, 2022; 645 shares on each of April 1, July 1 and October 1, 2022; 660 shares on January 1, 2023. /s/ Graham D Reeve 2019-11-25