UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Amendment No. 3)
Under the Securities Exchange Act of 1934
U.S. Physical Therapy, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
90337L108
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP No. 90337L108 Page 2 of 6
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1. NAME OF REPORTING PERSON
J. Livingston Kosberg
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Not Applicable
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY
EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
238,200
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6. SHARED VOTING POWER
0
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7. SOLE DISPOSITIVE POWER
238,200
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8. SHARED DISPOSITIVE POWER
0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
238,200
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
under 5.00%
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12. TYPE OF REPORTING PERSON*
IN
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CUSIP No. 90337L108 Page 3 of 6
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Item 1(a) Name of Issuer:
U.S. Physical Therapy, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1300 West Sam Houston Parkway South, Suite 300
Houston, Texas 77042
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Item 2(a) Name of Person Filing:
J. Livingston Kosberg, an individual
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Item 2(b) Address of Principal Business Office:
3040 Post Oak Blvd., Suite 770
Houston, Texas 77056
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Item 2(c) Citizenship:
Mr. Kosberg is a citizen of the United States of America.
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Item 2(d) Title of Class of Securities:
Common Stock
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Item 2(e) CUSIP Number:
90337L108
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CUSIP No. 90337L108 Page 4 of 6
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Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(D);
(f) [ ] An employee benefit plan endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.
[ ]
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Item 4(a) Amounts Beneficially Owned:
238,200
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Item 4(b) Percent of Class:
under 5%
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CUSIP No. 90337L108 Page 5 of 6
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Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the disposition of:
(iv) shared power to dispose or to direct the disposition of :
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [X]
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
Not Applicable
CUSIP No. 90337L108 Page 6 of 6
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.
Dated: May 28, 2004
/S/ J. Livingston Kosberg
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J. LIVINGSTON KOSBERG