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*
RICE PATRICIA A
(Last) (First) (Middle)
4716 OLD GETTYSBURG ROAD
P.O. BOX 2034
(Street)
MECHANICSBURG PA 17055
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SELECT MEDICAL CORP [ SEM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and COO
3. Date of Earliest Transaction (Month/Day/Year)
08/11/2003
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)
Code V Amount (A) or (D) Price
Common Stock, par value $.01 per share 08/11/2003 M 46,078 A $6.51 46,578 D
Common Stock, par value $.01 per share 08/11/2003 M 57,600 A $6.51 104,178 D
Common Stock, par value $.01 per share 08/11/2003 M 11,520 A $10.42 115,698 D
Common Stock, par value $.01 per share 08/11/2003 M 8,479 A $9.5 124,177 D
Common Stock, par value $.01 per share 08/11/2003 M 28,000 A $11.75 152,177 D
Common Stock, par value $.01 per share 08/11/2003 M 60,000 A $15.25 212,177 D
Common Stock, par value $.01 per share 08/11/2003 S 211,677 D $29.16 500(1) D
Common Stock, par value $.01 per share 08/11/2003 S 32,832 D $29.16 0 I By Mellon PSFS as custodian for Patricia A. Rice, IRA
Common Stock, par value $.01 per share 177,790(1) I By Self and Jesse W. Rice as Trustees under the Patricia A. Rice Living Trust
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (right to buy) $6.51 08/11/2003 M 46,078 01/01/2001(2) 12/31/2009 Common Stock 46,078 $0 30,720 D
Non-qualified Stock Options (right to buy) $6.51 08/11/2003 M 57,600 01/01/2001(3) 12/31/2009 Common Stock 57,600 $0 38,401 D
Non-qualified Stock Options (right to buy) $10.42 08/11/2003 M 11,520 10/13/2001(4) 10/12/2010 Common Stock 11,520 $0 17,280 D
Non-qualified Stock Options (right to buy) $9.5 08/11/2003 M 8,479 02/26/2002(5) 02/25/2011 Common Stock 8,479 $0 12,720 D
Non-qualified Stock Options (right to buy) $11.75 08/11/2003 M 28,000 04/26/2002(6) 04/25/2011 Common Stock 28,000 $0 42,000 D
Non-qualified Stock Options (right to buy) $15.25 08/11/2003 M 60,000 01/01/2003(7) 05/12/2012 Common Stock 60,000 $0 240,000 D
Explanation of Responses:
1. On May 21, 2003, Mrs. Rice transferred 160,833 shares she previously reported as directly held to the Patricia A. Rice Living Trust.
2. The original option grant of 76,798 options vests over five years in equal parts of 1/5th of the total per year, the first installment of which vested on 01/01/01.
3. The original option grant of 96,001 options vests over five years in equal parts of 1/5th of the total per year, the first installment of which vested on 01/01/01.
4. The original option grant of 28,800 options vests over five years in equal parts of 1/5th of the total per year, the first installment of which vested on 10/13/01.
5. The original option grant of 21,199 options vests over five years in equal parts of 1/5th of the total per year, the first installment of which vested on 02/26/02.
6. The original option grant of 70,000 options vests over five years in equal parts of 1/5th of the total per year, the first installment of which vested on 04/26/02.
7. The original option grant of 300,000 options was scheduled to vest on 05/13/09; however, 60,000 options vested on 01/01/03 in accordance with section 4(b) of the Company's Second Amended and Restated 1997 Stock Option Plan.
Remarks:
/s/ Patricia A. Rice 08/12/2003
** 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).
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