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* Feldberg Meyer ------------------------------------------ (Last) First) (Middle) Columbia University, Uris Hall, 3022 Broadway ------------------------------------------ (Street) New York NY 10027 ------------------------------------------ (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) [X] Director [ ] 10% Owner [ ] Officer (give title [ ] Other (specify below) below) ------------------------------------------------ 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. Transaction 2A. Deemed 3. Transaction 4. Securities 5. Amount of 6.Ownership Form: 7.Nature of (Instr. 3) Date (Month/ Execu- Code Acquired (A) Securities Direct (D) or Indirect Day/Year) tion Date, (Instr. 8) or Disposed of Beneficially Indirect (I) Beneficial if any (D) (Instr. 3, Owned at the (Instr. 4) Ownership (Month/ 4 and 5) end of Issuer's (Instr. 4) Day/ Fiscal Year) Year (Instr. 3 and 4) Amount (A) Price or (D) --------------------------------------------------------------------------------------------------------------------------------- * If the form is filed by more than one reporting person, see instruction 4(b)(v). 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.Deemed 4.Transac- 5.Number 6.Date 7.Title 8.Price 9.Number 10. Owner- 11.Nature Deriva- sion or action Execu- tion of Exer- and of of ship of tive Exercise Date tion Code Deriv- cisable Amount Deriv- Deriv- of De- Indirect Sec- Price of (Month/ Date, if (Instr. ative and Ex- of ative ative rivative Bene- urity Deriv- Day/ any 8) Secur- pira- Under- Secur- Secur- Secu- ficial (Instr. 3) ative Year) (Month/ ities tion lying ity ities rity: Owner- Security Day/ Ac- Date Secur- (Instr. Bene- Direct ship Year) quired (Month/ ities 5) ficially (D) or (Instr. (A) or Day/ (Instr. Owned at Indirect 4) Disposed Year) 3 and 4) End of (I) of (D) Year (Instr. 4) (Instr. (Instr. 3, 4 and 4) 5) (A) (D) Date Ex- Title Amount Ex- pir- or erci- ation Number sable Date of Shares Non-qualified $14.04 2/12/02 A 7,000 (1) 2/11/12 Common 7,000 7,000 (D) Stock Options Stock (right to buy) ---------------------------------------------------------------------------------------------------------------------------------- Explanation of Responses: (1) The original option grant of 7,000 options vests over 5 years in equal parts of 1/5th of the total per year, beginning on 2/12/03. /s/ Meyer Feldberg 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