Sec Form 4 Filing - HOOVER JAMES B @ U S PHYSICAL THERAPY INC /NV - 2005-06-14

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 HOOVER JAMES B 2. Issuer Name and Ticker or Trading Symbol U S PHYSICAL THERAPY INC /NV [ USPH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) Former Director (Last) (First) (Middle) 1300 W. SAM HOUSTON PKWY S., SUITE 300 3. Date of Earliest Transaction (MM/DD/YY) 06/14/2005 (Street) HOUSTON, TX77042 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 06/14/2005 M 3,626 A $ 3.4167 61,126 D Common Stock 06/14/2005 M 7,774 A $ 3.1458 68,900 D Common Stock 06/14/2005 S 11,400 D $ 17.5041 57,500 D Common Stock 06/15/2005 M 10,226 A $ 3.1458 67,726 D Common Stock 06/15/2005 S 10,226 D $ 17.5032 57,500 D Common Stock 35,750 I James B. Hoover Rollover IRA

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 Director Stock Option (right to buy) $ 3.4167 06/14/2005 M 3,626 12/13/1996 06/24/2005( 1 ) Common Stock 3,626 ( 2 ) 48,000 D Director Stock Option (right to buy) $ 3.1458 06/14/2005 M 7,774 12/17/1998 06/24/2005( 1 ) Common Stock 7,774 ( 2 ) 40,226 D Director Stock Option (right to buy) $ 3.1458 06/15/2005 M 10,226 12/17/1998 06/24/2005( 1 ) Common Stock 10,226 ( 2 ) 30,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HOOVER JAMES B 1300 W. SAM HOUSTON PKWY S. SUITE 300 HOUSTON, TX77042 Former Director Signatures James B. Hoover 06/16/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Based on thirty days from Mr. Hoover's termination date pursuant to the 1992 Stock option Plan. ( 2 )Granted pursuant to the Company's 1992 Stock Option Plan, which complies with Rule 16b-3.

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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