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FORM 4 OMB APPROVAL
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Check box if OMB Number 3235-0287
no longer subject Expires: January 31, 2005
to Section 16. Estimated average burden
Form 4 or Form 5 hours per response... 0.5
obligations may continue. -------------------------
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Ortenzio Rocco A.
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(Last) (First) (Middle)
4716 Old Gettysburg Road, P.O. Box 2034
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(Street)
Mechanicsburg PA 17055
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Select Medical Corporation - NYSE (SEM)
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3. IRS Identification Number of Reporting
Person, if an entity
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4. Statement (Month/Day/Year)
February 6, 2003
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s)
to Issuer
X Director 10% Owner
X Officer (give title Other (specify
below) below)
Executive Chairman
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7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
Form Filed by More than One Reporting
Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
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1. Title of Security 2. Trans- 2A. Deemed 3. Trans- 4. Securities 5. Amount of 6. Ownership 7.Nature
(Instr. 3) action Execution action Acquired (A) Securities Form: of
Date Date, if Code or Disposed Beneficially Direct (D) Indirect
(Month/ any (Instr. of (D) Owned or Beneficial
Day/ (Month/ 8) (Instr. 3, 4 Following Indirect Ownership
Year) Day/ and 5) Reported (I) (Instr. 4)
Year) Trans- (Instr. 4)
action(s)
(Instr. 3
and 4)
Code V Amount (A) or Price
(D)
Common Stock, par 2/06/03 X 146,193 (A) $6.08
value $.01 per share
Common Stock, par 2/06/03 X 146,194 (A) $6.08
value $.01 per share
Common Stock, par 2/06/03 J(1) 62,773 (D) $14.16 2,348,850(2) (D)
value $.01 per share
Common Stock, par 2,120(3) (I) By R.A.
value $.01 per share Ortenzio
Family
Partner-
ship, L.P.
Common Stock, par 5,200 (I) By Spouse
value $.01 per share
Common Stock, par 246,857(4) (I) By Select
value $.01 per share Healthcare
Investors
I, L.P.
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
(Over)
Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a current valid OMB control number.
Page 1 of 3
FORM 4 (Continued) Table II- Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts calls, warrants, options,
convertible securities)
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1.Title of 2.Conver- 3.Trans- 3A.Deem- 4.Trans- 5.Number 6. Date 7. Title 8.Price 9. Num- 10.Own- 11.Nature
Derivative sion or action ed action of Exer- and of ber er- of
Security Exercise Date Exec- Code Deriva- cisable Amount Deri- of ship In-
(Instr. 3) Price of (Month/ ution (Instr. tive and of vative Deri- Form direct
Deriva- Day/ Date, 8) Securities Expira- Under- Secur- vative of Bene-
tive Year) if Acquired tion lying ity Securi- Deri- ficial
Security any (A) or Date Securi (Instr. ties vative Owner-
(Mon- Disposed (Month/ ties 5) Benef- Secu- ship
th/ of (D) Day/ (Instr.3 icially rity: (Instr.
Day/ (Instr. 3, Year) and 4) Owned Dir- 4)
Year) 4 and 5) Follow- ect
ing (D) or
Report- In-
ed Trans- dir-
Code V (A)(D) Date Ex- Title Amount action(s) ect
Exer- pir- or (Instr. (I)
cis- ation Number 4) (Instr.
able Date of 4)
Shares
Warrants $6.08 2/06/03 X 146,193 (5) 6/30/03 Common
(right to Stock
buy)
Warrants $6.08 2/06/03 X 146,194 (5) 6/30/03 Common
(right to Stock 0 (D)
buy)
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Explanation of Responses:
(1) Payment of exercise price for 146,194 warrants by withholding
securities incident to the exercise of the warrants.
(2) Since Mr. Ortenzio's last report, 31,500 shares previously held indirectly
by Mr. Ortenzio as life tenant are now owned directly.
(3) These shares are directly owned by the R.A. Ortenzio Family Partnership,
L.P., of which Mr. Ortenzio is a general partner.
(4) These shares are directly owned by Select Healthcare Investors I, L.P. Mr.
Ortenzio is a 25% owner, Director and Chief Executive Officer of Select
Capital Corporation, the general partner of Select Healthcare Investors I,
L.P. Mr. Ortenzio disclaims beneficial ownership of any shares held by
Select Healthcare Investors I, L.P. that exceed his pecuniary interest
therein.
(5) All warrants are vested and exercisable.
/s/ Rocco A. Ortenzio 2/10/03
** Intentional misstatements or -------------------------------- --------
omissions of facts constitute ** Signature of Reporting Person Date
Federal Criminal
Violations. See 18 U.S.C. 1001
and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a current
valid OMB Number.
Page 2 of 3
FORM 4 (Continued)
Rocco A. Ortenzio Select Medical Corporation - NYSE (SEM)
4716 Old Gettysburg Road, February 6, 2003
P.O. Box 2034
Mechanicsburg, PA 17055
Table I - Non-Derivative Acquired, Disposed of, or Securities
Beneficially Owned (cont.)
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1. Title of Security 2. Trans- 2A. Deemed 3. Trans- 4. Securities 5. Amount of 6. Ownership 7. Nature
action Execution action Acquired (A) Securities Form: of
Date, if Date, if Code or Disposed Beneficially Direct (D) Indirect
any any of (D) Owned or Beneficial
(Month/ (Month/ Follow- Indirect Ownership
Day/ Day/ ing Report- (I)
Year) Year) ed Trans-
action(s)
Code V Amount (A) or Price
(D)
Common Stock, par 1,907(6) (I) By Select
value $.01 per share Invest-
ments I
Common Stock, par
value $.01 per share 8,168(7) (I) By Select
Invest-
ments
(6) Mr. Ortenzio is the managing partner and 25% owner of Select Investments I. III, L.P.
Mr. Ortenzio disclaims beneficial ownership of any shares held by Select
Investments I that exceed his pecuniary interest therein.
(7) Mr. Ortenzio is the general partner and 70% owner of Select Investments
III, L.P. Mr. Ortenzio disclaims beneficial ownership of any shares held
by Select Investments III, L.P. that exceed his pecuniary interest therein.
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