U S PHYSICAL THERAPY INC /NV
SC 13G, 1999-02-11
SPECIALTY OUTPATIENT FACILITIES, NEC
Previous: MIDWEST FEDERAL FINANCIAL CORP, SC 13G/A, 1999-02-11
Next: UNIVERSAL HOSPITAL SERVICES INC, SC 13G/A, 1999-02-11




\\\DC - 61896/3 - 0806642.01
OMB APPROVAL
OMB Number:  3235-0145
Expires:  August 31, 1999
Estimated average burden
hours per response . . . . 14.90

                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549
                                     
                                     
                               SCHEDULE 13G
                                     
                                     
                 Under the Securities Exchange Act of 1934
                            (Amendment No. 1)*
                                     

                       U.S. Physical Therapy, Inc.
                             (Name of Issuer)
                                     
                               Common Stock
                      (Title of Class of Securities)
                                     
                                90337L108
                              (CUSIP Number)
                                     
                                 12/31/98
          (Date of Event Which Requires Filing of this Statement)

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 on 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).

                               SCHEDULE 13G
                                     
CUSIP No.      90337L108                         Page     2  of  5  Pages
                                     
1   NAMES OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)
    
                                 J. Livingston Kosberg
    
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
    (a)
    (b)
    
    
    
3   SEC USE ONLY
    
    
4   CITIZENSHIP OR PLACE OF ORGANIZATION
                                 United States

               5   SOLE VOTING POWER
                             508,330 Shares
  NUMBER OF
   SHARES      6   SHARED VOTING POWER
BENEFICIALLY                       0 Shares
  OWNED BY
    EACH       7   SOLE DISPOSITIVE POWER
  REPORTING                  508,330 Shares
   PERSON
    WITH:      8   SHARED DISPOSITIVE POWER
                                   0 Shares
      
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    
    508,330 Shares
    
10  CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
    Instructions)
  
    X

11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
                                  14.07%

12  TYPE OF REPORTING PERSON (See Instructions)
                                  IN
    
                                     
                                     

                               SCHEDULE 13G
                                     
CUSIP No.    90337L108                           Page  3  of  5  Pages
                                     
                                     
Item 1(a): Name of Issuer:
                                     
                              U.S. Physical Therapy, Inc.
                                     
      (b)  Address of Issuer's Principal Executive Offices:
                                     
                              3040 Post Oak Blvd., Suite 222
                                  Houston, Texas  77056
                                     
Item 2(a): Name of Persons Filing:
                                     
                                J. Livingston Kosberg
                                     
      (b)  Address of Principal Business Office or, if none, Residence:
                                     
                              3040 Post Oak Blvd., Suite 222
                                  Houston, Texas  77056
                                     
      (c)  Citizenship:
                                     
                              United States
                                     
      (d)  Title of Class of Securities:
                                     
                               Common Stock, par value $.01 per share
                                     
      (e)  CUSIP Number:
                                     
                               90337L108
                                     
Item 3:   Capacity in Which Person is Filing if Statement is Filed Pursuant
                   to Rule 13d-1(b) or 13d-2(b) or (c):
                                     
                                  N/A
                                     
                               SCHEDULE 13G
                                     
CUSIP No.   90377L108                            Page  4  of  5  Pages
                                     
Item 4:   Ownership:
                                     
       (a)  Amount Beneficially Owned:
                                    
                               508,330 Shares*
                                     
       (b)  Percent of class:
                                     
                                14.07%
                                     
       (c)  Number of shares to which such person has:
                                     
            (i)  Sole power to vote or to direct the vote:
                                     
                               508,330 Shares
                                     
            (ii) Shared power to vote or to direct the vote:
                                     
                                     0 Shares
                                     
            (iii)     Sole power to dispose or to direct the disposition
                                    of:
                                
                                508,330 Shares
                                     
            (iv) Shared power to dispose or to direct the disposition
                                    of:
                                     
                                      0 Shares
                                     
Item 5:   Ownership of Five Percent or Less of Class
                                     
                                 Not Applicable
                                     
Item 6:   Ownership of More than Five Percent on Behalf of Another Person
                                     
                                 Not Applicable
                         _________________________
* Such  amount includes 56,250 shares held by the Dolores Wilkenfeld Trust,
  442,080  shares  held by the Livingston Kosberg Trust and  10,000  shares
  held  individually in the reporting person's name.  The reporting  person
  is  the  trustee  of  both  trusts  and the  income  beneficiary  of  the
  Livingston  Kosberg  Trust.   The reported share  amount  excludes  1,170
  shares held by the reporting person's wife and 48,000 shares held by  the
  reporting  person's  three children and  their  spouses.   The  reporting
  person disclaims beneficial ownership of such shares.

                               SCHEDULE 13G
                                     
CUSIP No.     90337L108                          Page   5  of  5  Pages
                                     
                                     
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
                                     
                                     
                                 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.

                                        Date:    February 10, 1999
                                        
                                        
                                        By:   /s/ J. Livingston Kosberg
                                                 J. Livingston Kosberg
                                        
                                        




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission