SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES 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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Baty Stanley L

(Last)

(First)

(Middle)

C/O EMERITUS CORPORATION

3131 ELLIOTT AVE, STE 500

(Street)

SEATTLE

98121

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
EMERITUS CORP\WA\ [ ESC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of 10% 13d group

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/02/2008		P		383⁽¹⁾	A	$21.8769⁽²⁾	813,899	I	By B.F., Limited Partnership⁽³⁾
Common Stock	09/03/2008		P		107⁽¹⁾	A	$21.8874⁽⁴⁾	814,006	I	By B.F., Limited Partnership⁽³⁾
Common Stock	09/04/2008		P		2,598⁽¹⁾	A	$21.634⁽⁵⁾	816,604	I	By B.F., Limited Partnership⁽³⁾
Common Stock	09/02/2008		P		2,280	A	$21.8769⁽²⁾	24,142	I	By Columbia Pacific Opportunity Fund, L.P.⁽⁶⁾
Common Stock	09/03/2008		P		476	A	$21.8874⁽⁴⁾	24,618	I	By Columbia Pacific Opportunity Fund, L.P.⁽⁶⁾
Common Stock	09/04/2008		P		11,592	A	$21.6339⁽⁵⁾	36,210	I	By Columbia Pacific Opportunity Fund, L.P.⁽⁶⁾
Common Stock	09/02/2008		P		13⁽⁷⁾	A	$21.8769⁽²⁾	28,328	I	By Trust FBO Bennett Baty⁽⁸⁾
Common Stock	09/03/2008		P		4⁽⁷⁾	A	$21.8874⁽⁴⁾	28,332	I	By Trust FBO Bennett Baty⁽⁸⁾
Common Stock	09/04/2008		P		90⁽⁷⁾	A	$21.634⁽⁵⁾	28,422	I	By Trust FBO Bennett Baty⁽⁸⁾
Common Stock	09/02/2008		P		13⁽⁷⁾	A	$21.8769⁽²⁾	28,328	I	By Trust FBO Calder Baty⁽⁸⁾
Common Stock	09/03/2008		P		4⁽⁷⁾	A	$21.8874⁽⁴⁾	28,332	I	By Trust FBO Calder Baty⁽⁸⁾
Common Stock	09/04/2008		P		90⁽⁷⁾	A	$21.634⁽⁵⁾	28,422	I	By Trust FBO Calder Baty⁽⁸⁾
Common Stock	09/02/2008		P		13⁽⁷⁾	A	$21.8769⁽²⁾	28,328	I	By Trust FBO Lauren Baty⁽⁸⁾
Common Stock	09/03/2008		P		4⁽⁷⁾	A	$21.8874⁽⁴⁾	28,332	I	By Trust FBO Lauren Baty⁽⁸⁾
Common Stock	09/04/2008		P		90⁽⁷⁾	A	$21.634⁽⁵⁾	28,422	I	By Trust FBO Lauren Baty⁽⁸⁾
Common Stock								22,400	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the proportionate ownership interest in securities purchased by B.F., Limited Partnership attributable to the limited partnership interest in B.F., Limited Partnership held by the reporting person.

2. The price in Column 4 is a weighted average purchase price. The prices actually paid ranged from $21.54 to $21.99. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.

3. These securities are held in the name of B.F., Limited Partnership, a Washington limited partnership, of which the reporting person is a 22.41% limited partner. The securities reported represent the reporting person's proportionate interest in the total amount of such securities owned by B.F., Limited Partnership. The reporting person is a Vice President of Columbia-Pacific Group, Inc., a Washington corporation, which is the general partner of B.F., Limited Partnership.

4. The price in Column 4 is a weighted average purchase price. The prices actually paid ranged from $21.84 to $21.90. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.

5. The price in Column 4 is a weighted average purchase price. The prices actually paid ranged from $21.36 to $21.85. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range.

6. The reporting person is a manager and member of Columbia Pacific Advisors, LLC, a Washington limited liability company, which is the general partner of Columbia Pacific Opportunity Fund, L.P., a Washington limited partnership. The reporting person is also a limited partner of Columbia Pacific Opportunity Fund, L.P. The reporting person disclaims beneficial ownership of the reported securities except to the extent of the reporting person's pecuniary interest therein.

7. Represents the proportionate ownership interest in securities purchased by B.F., Limited Partnership attributable to the limited partnership interest in B.F., Limited Partnership held by such trust.

8. Represents the proportionate ownership interest in securities held by B.F., Limited Partnership attributable to the 0.78% limited partnership interest in B.F., Limited Partnership held by such trust. The reporting person is a Vice President of Columbia-Pacific Group, Inc., a Washington corporation, which is the general partner of B.F., Limited Partnership. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

	Stanley L. Baty	09/04/2008
	** Signature of Reporting Person	Date
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).
** 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 is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.