X0306 4 2014-01-02 0001001604 EMERITUS CORP\WA\ ESC 0000925996 BATY DANIEL R C/O EMERITUS CORPORATION 3131 ELLIOTT AVE, STE 500 SEATTLE WA 98121 1 1 1 Chairman of the Board Common Stock 2014-01-02 4 M 0 300000.0000 20.1300 A 2685419.0000 D Common Stock 2014-01-02 4 M 0 80000.0000 16.4500 A 2765419.0000 D Common Stock 2014-01-02 4 M 0 60000.0000 18.0300 A 2825419.0000 D Common Stock 2951920.0000 I By B.F., Limited Partnership Stock Option (Right to Buy) 16.4500 2014-01-02 4 M 0 80000.0000 0.0000 D 2010-11-17 2019-11-17 Common Stock 80000.0000 0.0000 D Stock Option (Right to Buy) 18.0300 2014-01-02 4 M 0 60000.0000 0.0000 D 2011-11-30 2020-11-30 Common Stock 60000.0000 20000.0000 D Stock Option (Right to Buy) 20.1300 2014-01-02 4 M 0 300000.0000 0.0000 D 2011-12-31 2021-01-19 Common Stock 300000.0000 0.0000 D The reporting person is sole director and shareholder of Columbia-Pacific Group, Inc., a Washington corporation, which is the general partner of B.F., Limited Partnership, a Washington limited partnership, of which the reporting person is also a limited partner. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein. Date at which first vesting occurs is indicated. 1/4 of the total shares originally subject to the option become exercisable at the first vesting date and an additional 1/4 become exercisable on each of the next three anniversaries thereafter. Date at which first vesting occurs is indicated. 1/3 of the total shares originally subject to the option become exercisable at the first vesting date and an additional 1/3 become exercisable on each of the next two anniversaries thereafter. Exhibit 24 power of attorney filed herewith. /s/ Lisa M. Loran, Attorney-in-Fact 2014-01-03