SEC Form 5

FORM 5 [  ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [  ] Form 3 Holdings Reported [X] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549 ANNUAL 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(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Herrell, John H. (Last)                      (First)                      (Middle) 367 South Gulph Road (Street) King of Prussia,    PA   19406 (City)                      (State)                      (Zip)

2. Issuer Name and Ticker or Trading Symbol Universal Health Services, Inc. ("UHS") 3. I.R.S. Identification     Number of Reporting     Person, if an entity     (voluntary)

4. Statement for     Month/Year 12/2002 5. If Amendment,     Date of Original     (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director      10% Owner    Officer (give title below)        Other (specify below) Description           7. 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)         Amount      /         A/D         /         Price

5. Amount of     Securities     Beneficially     Owned at end of     Issuer's Fiscal Year     (Instr. 3 and 4)

6. Owner-     ship     Form:     Direct (D)     or     Indirect (I)     (Instr. 4)

7. Nature of      Indirect      Beneficial      Ownership     (Instr. 4)

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. Conver-     sion or     Exercise     Price of     Deri-     vative     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)   A     or     D	6. Date Exercisable(DE) and     Expiration Date(ED)     (Month/Day/Year)   DE     /     ED	7. Title and Amount of     Underlying Securities     (Instr. 3 and 4) Title     /         Amount or Number of Shares	8. Price     of     Derivative     Security     (Instr.5)	9. Number of     Derivative     Securities     Beneficially     Owned     at End of Year     Reported     Transaction(s)     (Instr.4)	10. Owner- ship Form of Deriv- ative Securities: Direct (D) or Indirect (I) (Instr.4)	11. Nature of       Indirect       Beneficial       Ownership       (Instr.4)
Phantom Stock	1 for 1	08/06/1997		A(1) (8)	80.808 A	(2) / (2)	Class B Common Stock / 80.808	$41.250		D
Phantom Stock	1 for 1	09/17/1997		A(1) (8)	72.17 A	(2) / (2)	Class B Common Stock / 72.17	$46.1875		D
Phantom Stock	1 for 1	11/19/1997		A(1) (8)	75.650 A	(2) / (2)	Class B Common Stock / 75.650	$44.0625		D
Phantom Stock	1 for 1	01/21/1998		A(1) (8)	35.180 A	(3) / (3)	Class B Common Stock / 35.180	$47.375		D
Phantom Stock	1 for 1	03/18/1998		A(1) (8)	29.176 A	(3) / (3)	Class B Common Stock / 29.176	$57.1250		D
Phantom Stock	1 for 1	05/20/1998		A(1) (8)	30.616 A	(3) / (3)	Class B Common Stock / 30.616	$54.4375		D
Phantom Stock	1 for 1	07/29/1998		A(1) (8)	30.936 A	(3) / (3)	Class B Common Stock / 30.936	$53.875		D
Phantom Stock	1 for 1	09/16/1998		A(1) (8)	39.044 A	(3) / (3)	Class B Common Stock / 39.044	$42.6875		D
Phantom Stock	1 for 1	11/18/1998		A(1) (8)	32.090 A	(3) / (3)	Class B Common Stock / 32.090	$51.9375		D
Phantom Stock	1 for 1	01/18/2000		A(1) (8)	36.430 A	(4) / (4)	Class B Common Stock / 36.430	$45.750		D
Phantom Stock	1 for 1	03/15/2000		A(1) (8)	41.863 A	(4) / (4)	Class B Common Stock / 41.863	$39.8125		D
Phantom Stock	1 for 1	05/17/2000		A(1)(8)	31.080 A	(4) / (4)	Class B Common Stock / 31.080	$53.6250		D
Phantom Stock	1 for 1	07/19/2000		A(1)	24.714 A	(4) / (4)	Class B Common Stock / 24.714	$67.4375		D
Phantom Stock	1 for 1	09/20/2000		A(1)	20.833 A	(4) / (4)	Class B Common Stock / 20.833	$80.000		D
Phantom Stock	1 for 1	11/15/2000		A(1)	18.265 A	(4) / (4)	Class B Common Stock / 18.265	$91.250		D
Phantom Stock	1 for 1	01/23/2002		A(6)	39.796 A	(5) / (5)	Class B Common Stock / 39.796	$41.880		D
Phantom Stock	1 for 1	03/20/2002		A(6)	40.740 A	(5) / (5)	Class B Common Stock / 40.740	$40.910		D
Phantom Stock	1 for 1	05/22/2002		A(6)	37.336 A	(5) / (5)	Class B Common Stock / 37.336	$44.640		D
Phantom Stock	1 for 1	07/17/2002		A(6)	36.256 A	(5) / (5)	Class B Common Stock / 36.256	$45.970		D
Phantom Stock	1 for 1	09/18/2002		A4(6)	34.153 A	(5) / (5)	Class B Common Stock / 34.153	$48.800		D
Phantom Stock	1 for 1	11/20/2002		A4(6)	34.941 A	(5) / (5)	Class B Common Stock / 34.941	$47.700		D
Phantom Stock	1 for 1	12/31/2002		D4(7)	485.532 D	/	Class B Common Stock / 485.532	$45.100	935.4	D

Explanation of Responses:

(1) These shares of phantom stock were acquired pursuant to the UHS Deferred Compensation Plan for UHS Board of Directors (the "Plan"), prior to the fiscal year ended December 31, 2002. (2) 1/5 of these shares of Phantom Stock were settled in cash based on the closing price of UHS Class B Common Stock ("Common Stock") at December 31, 2002 ($45.10). 1/4 of the remainder is payable annually based on the closing price of the Common Stock on December 31 for each of 2003, 2004, 2005 and 2006. (3) These shares of phantom stock were settled in cash based on the closing price of Common Stock at December 31, 2002 ($45.10) pursuant to the Plan. (4) These shares of phantom stock are payable in cash in January, 2005 based on the closing price of the Common Stock on December 31, 2004 pursuant to the Plan. (5) These shares of phantom stock are payable in cash in January, 2007 based on the closing price of the Common Stock on December 31, 2006 pursuant to the Plan . (6) These shares of phantom stock were acquired pursuant to the Plan during the fiscal year ended December 31, 2002. (7) These shares of phantom stock were settled in cash pursuant to the Plan, based on the closing price of the Common Stock on December 31, 2002. (8) Not adjusted for a 2-for-1 split of the Common Stock consummated on June 4, 2000.

By:	Date:
/s/ John Herrell	February 4, 2003
** Signature of Reporting Person	SEC 2270 (09-02)
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. 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 currently valid OMB Number.