Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
OSTEEN DEBRA K
  2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL HEALTH SERVICES INC [UHS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
(Last)
(First)
(Middle)
UNIVERSAL CORPORATE CENTER, 367SOUTH GULPH ROAD
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2005
(Street)

KING OF PRUSSIA, PA 19406
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class B Common Stock 05/26/2005   M(1)   94,000 A (2) 137,258 D  
Class B Common Stock 05/26/2005   F   44,428 D $ 58.35 92,830 D  
Class B Common Stock 05/27/2005   S   100 D $ 58.01 92,730 D  
Class B Common Stock 05/27/2005   S   700 D $ 58.02 92,030 D  
Class B Common Stock 05/27/2005   S   2,400 D $ 58.03 89,630 D  
Class B Common Stock 05/27/2005   S   2,000 D $ 58.04 87,630 D  
Class B Common Stock 05/27/2005   S   1,900 D $ 58.05 85,730 D  
Class B Common Stock 05/27/2005   S   2,500 D $ 58.06 83,230 D  
Class B Common Stock 05/27/2005   S   1,100 D $ 58.07 82,130 D  
Class B Common Stock 05/27/2005   S   700 D $ 58.08 81,430 D  
Class B Common Stock 05/27/2005   S   400 D $ 58.09 81,030 D  
Class B Common Stock 05/27/2005   S   700 D $ 58.1 80,330 D  
Class B Common Stock 05/27/2005   S   1,900 D $ 58.11 78,430 D  
Class B Common Stock 05/27/2005   S   5,900 D $ 58.12 72,530 D  
Class B Common Stock 05/27/2005   S   2,500 D $ 58.13 70,030 D  
Class B Common Stock 05/27/2005   S   100 D $ 58.14 69,930 D  
Class B Common Stock 05/27/2005   S   200 D $ 58.16 69,730 D  
Class B Common Stock 05/27/2005   S   700 D $ 58.17 69,030 D  
Class B Common Stock 05/27/2005   S   1,100 D $ 58.18 67,930 D  
Class B Common Stock 05/27/2005   S   600 D $ 58.19 67,330 D  
Class B Common Stock 05/27/2005   S   1,400 D $ 58.2 65,930 D  
Class B Common Stock 05/27/2005   S   941 D $ 58.21 64,989 D  
Class B Common Stock 05/27/2005   S   600 D $ 58.22 64,389 D  

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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
Option to purchase Class B Common Stock $ 42.4063 05/26/2005   M     80,000 01/17/2002 01/17/2006 Class B Common Stock 80,000 $ 42.4063 55,000 D  
Option to purchase Class B Common Stock $ 33.7188 05/26/2005   M     14,000 07/19/2001 07/19/2005 Class B Common Stock 14,000 $ 33.7188 41,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OSTEEN DEBRA K
UNIVERSAL CORPORATE CENTER
367SOUTH GULPH ROAD
KING OF PRUSSIA, PA 19406
      Vice President  

Signatures

 /s/ Debra K. Osteen   05/31/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Consists of Class B Common Stock of Universal Health Services, Inc. (the "Class B Shares") issued upon exercise of stock options to purchase Class B Shares, at exercise prices of $42.4063 and $33.7188 per share.
(2) Exercise price of $42.4063 per share was satisfied through the delivery of 44,428 Class B Shares held by the Reporting Person with a fair market value of $58.35 per share.

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