EMERITUS CORP\WA\ 4

4 · EMERITUS CORP\WA\ · Filed Mar 3, 2014

Form 4

Period: 2014-02-27

DirectorOther

Transactions

Exercise/Conversion
Common Stock
2014-02-27$26.02/sh+7,500$195,150→ 128,441 total
Exercise/Conversion
Nonemployee Director Stock Option (right to buy)
2014-02-27−7,500→ 0 total
Exercise: $26.02Exp: 2017-08-29→ Common Stock (7,500 underlying)
Gift
Common Stock
2014-01-14+1,657,504→ 1,657,504 total(indirect: By Baty 2014 GRAT)

Holdings

Footnotes (4)

[F1]The reporting person is a co-trustee of the Baty 2014 Grantor Retained Annuity Trust ("GRAT").
[F2]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.
[F3]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.
[F4]The entire option vests on the day immediately prior to the next annual meeting of shareholders of the issuer after the grant date.

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