Sec Form 4 Filing - Baty Stanley L @ EMERITUS CORP\WA\ - 2013-03-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Baty Stanley L
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
(Last) (First) (Middle)
C/O EMERITUS CORPORATION, 3131 ELLIOTT AVE, STE 500
3. Date of Earliest Transaction (MM/DD/YY)
03/18/2013
(Street)
SEATTLE, WA98121
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/18/2013 S 156,870 D $ 27 661,525 I By B.F., Limited Partnership ( 1 )
Common Stock 03/18/2013 S 252,800 D $ 27 0 I By Columbia Pacific Opportunity Fund, L.P. ( 2 )
Common Stock 03/18/2013 S 5,460 D $ 27 23,024 I By Trust FBO Bennett Baty ( 3 )
Common Stock 03/18/2013 S 5,460 D $ 27 23,024 I By Trust FBO Calder Baty ( 3 )
Common Stock 03/18/2013 S 5,460 D $ 27 23,024 I By Trust FBO Lauren Baty ( 3 )
Common Stock 109,900 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Baty Stanley L
C/O EMERITUS CORPORATION
3131 ELLIOTT AVE, STE 500
SEATTLE, WA98121
X Member of 10% 13d group
Signatures
/s/ Stanley L. Baty 03/20/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.

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).
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