OMB APPROVAL
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OMB Number 3235-0287
-------- Expires: January 31, 2005
FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Estimated average burden
-------- Washington, D.C. 20549 hours per response....0.5
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[ ] Check box if no longer
subject to Section 16.
Form 4 or Form 5 obligations
may continue.
See Instruction 1(b).
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 Robert 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 (voluntary)
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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
(Check all applicable)
X Director 10% Owner
X Officer (give title Other (specify below)
below)
Chief Executive Officer and President
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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. 3.Transaction 4. Securities 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Deemed Code Acquired (A) Securities Form: Direct Indirect
Date Execution (Instr. 8) or Disposed of Beneficially (D) or Indirect Beneficial
(Month/ Date, if (D) (Instr. 3, Owned Follow- (I) (Instr. 4) Ownership
Day/ any 4 and 5) ing Reported (Instr. 4)
Year) (Month/ Transaction(s)
Day/ (Instr. 3 and 4)
Year)
Code V Amount (A)or Price
(D)
Common Stock, par
value $.01 per share 2/06/03 X 41,118 (A) $6.08
Common Stock, par
value $.01 per share 2/06/03 X 94,705 (A) $6.08
Common Stock, par
value $.01 per share 2/06/03 J(1) 40,664 (D) $14.16 1,053,733 (D)
Common Stock, par
value $.01 per share 44,169(2) (I) By Ortenzio
Family Part-
nership, L.P.
Common Stock, par
value $.01 per share 2,120(3) (I) By R.A.
Ortenzio
Family
Partnership,
L.P.
Common Stock, par
value $.01 per share 246,857(4) (I) By Select
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.
(Over)
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
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. 4.Transac- 5.Number 6.Date 7.Title 8.Price 9.Number 10. Owner- 11.Nature
Derivative sion or action Deemed tion of Exer- and of of ship of
Security Exercise Date Execu- Code Deriv- cisable Amount Deriv- Deriv- of De- Indir-
(Instr. 3) Price of (Month/ tion (Instr. ative and Ex- of ative ative riva- ect
Deriv- Day/ Date, if 8) Secur- pira- Under- Secur- Secur- tive Bene-
ative Year) any ities tion lying ity ities Secu- ficial
Security (Month/ Ac- Date Secur- (Instr. Bene- rity: Owner-
Day/Year) quired (Month/ ities 5) ficially Direct ship
(A) or Day/ (Instr. Owned Foll- (D) or (Instr.
Disposed Year) 3 and 4) owing Re- Indirect 4)
of (D) ported (I)
(Instr. Tranac- (Instr.
3, 4 and tion(s) 4)
5) (Instr. 4)
Code V (A) (D) Date Ex- Title Amount
Ex- pir- or
ercis- ation Number
able Date of
Shares
Warrants $6.08 2/06/03 X 41,118 (5) 6/30/03 Com-
(right mon
to buy) Stock
Warrants $6.08 2/06/03 X 94,705 (5) 6/30/03 Com- 0 (D)
(right mon
to buy) Stock
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Explanation of Responses:
(1) Payment of exercise price for 94,705 warrants by withholding
securities incident to the exercise of the warrants.
(2) These shares are directly owned by the Ortenzio Family Partnership,
L.P., of which Mr. Ortenzio is the general partner.
(3) These shares are directly owned by the R.A. Ortenzio Family
Partnership, L.P., of which Mr. Ortenzio is a general partner. Mr.
Ortenzio disclaims beneficial ownership of any shares held by the R.A.
Ortenzio Family Partnership, L.P. that exceed his pecuniary interest
therein.
(4) These shares are directly owned by Select Healthcare Investors I, L.P.
Mr. Ortenzio is a 25% owner, Director and President 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/ Robert A. Ortenzio 2/10/03
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** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute 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)
Robert A. Ortenzio Select Medical Corporation - NYSE (SEM)
4716 Old Gettysburg Road, P.O. Box 2034 February 6, 2003
Mechanicsburg, PA 17055
Table I - Non-Derivative Securities Acquired, Disposed of
or Beneficially Owned (cont.)
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Title of Security Trans- Deemed Transaction Securities Amount of Ownership Form: Nature of
action Execution Code Acquired (A) Securities Direct (D) or Indirect
Date Date, if or Disposed of Beneficially Indirect (I) Beneficial
(Month/ any (Month/ (D) Owned Follow- Ownership
Day/ Day/Year) ing Report-
Year) ed Trans-
action(s)
Code V Amount (A)or Price
(D)
Commn Stock,
par value $.01
per share 1,907(6) (I) By Select
Invest-
ments I
(6) Mr. Ortenzio is a partner and 25% owner of Select Investments I. Mr.
Ortenzio disclaims beneficial ownership of any shares held by Select
Investments I that exceed his pecuniary interest therein.
Page 3 of 3