OMB APPROVAL -------------------------- OMB Number 3235-0362 -------- Expires: January 31, 2005 FORM 5 U.S. SECURITIES AND EXCHANGE COMMISSION Estimated average burden -------- Washington, D.C. 20549 hours per response.. 1.0 -------------------------- [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported ANNUAL 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 ---------------------------------------------- 1. Name and Address of Reporting Person* Rice Patricia A. ------------------------------------------ (Last) (First) (Middle) 4716 Old Gettysburg Road, P.O. Box 2034 ------------------------------------------ (Street) Mechanicsburg PA 17055 ------------------------------------------ (City) (State) (Zip) ---------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Select Medical Corporation - NYSE (SEM) ---------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (Voluntary) ---------------------------------------------- 4. Statement for Month/Year December 31, 2002 ----------------------------------------------- 5. If Amendment, Date of Original (Month/Year) / / ----------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title Other (specify below) below) Executive Vice President and Chief Operating Officer ------------------------------------------------ 7. Individual or Joint/Group Reporting (Check applicable line) X Form Filed by One Reporting Person Form Filed by More than One Reporting Person ------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Trans- 2A. 3.Transaction 4. Securities 5. Amount of 6. Ownership Form: 7.Nature of (Instr. 3) action Deemed Code Acquired (A) Securities Direct (D) or Indirect Date Execution (Instr. 8) or Disposed of Beneficially Indirect (I) Beneficial (Month/ Date, if (D) (Instr. 3, Owned at the (Instr. 4) Ownership Day/ any 4 and 5) end of Issuer's (Instr. 4) Year) (Month/ Fiscal Year Day/ (Instr. 3and 4) Year) Amount (A)or Price (D) Fritsch (IRA) ------------------------------------------------------------------------------------------------------------------------------------ * If the form is filed by more than one reporting person, see instruction 4(b)(v). Page 1 of 2 FORM 5 (Continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ---------------------------------------------------------------------------------------------------------------------------------- 1.Title of 2.Conver- 3.Trans- 3A. 4.Transac- 5.Number 6.Date 7.Title 8.Price 9.Number 10. Owner- 11.Nature Derivative sion or action Deemed tion of Exer- and of of ship of Security Exercise Date Execu- Code Deriv- cisable Amount Deriv- Deriv- of De- Indir- (Instr. 3) Price of (Month/ tion (Instr. ative and Ex- of ative ative riva- ect Deriv- Day/ Date, if 8) Secur- pira- Under- Secur- Secur- tive Bene- ative Year) any ities tion lying ity ities Secu- ficial Security (Month/ Ac- Date Secur- (Instr. Bene- Direct Owner- Day/Year) quired (Month/ ities 5) ficially (D) or ship (A) or Day/ (Instr. Owned at Indirect (Instr. Disposed Year) 3 and 4) End of (I) 4) of (D) Year (Instr. 4) (Instr. (Instr. 4) 3, 4 and 5) (A) (D) Date Ex- Title Amount Ex- pir- or ercis- ation Number able Date of Shares Non-qualified $15.25 5/13/02 A 300,000 5/13/09 5/12/12 Com- 300,000 300,000 (D) Stock Options (1) mon (right to buy) Stock ---------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses: (1) All options are scheduled to vest on 5/13/09; however, the vesting of some or all of the options may be accelerated in accordance with section 4(b) of the Company's Second Amended and Restated 1997 Stock Option Plan. /s/ Patricia A. Rice 1/27/03 --------------------------------- --------------- ** Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 2