NHI National Health Investors Inc

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                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * ADAMS W ANDREW	2. Issuer Name and Ticker or Trading Symbol NATIONAL HEALTH INVESTORS INC [ NHI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) 222 ROBERT ROSE DRIVE	3. Date of Earliest Transaction (MM/DD/YYYY) 2/22/2021
(Street) MURFREESBORO, TN 37129 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (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 (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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	2/22/2021		M		20000	A	$60.52	36513	D
Common Stock	2/22/2021		F		17344	D	$69.79	19169	D
Common Stock By Amk, L.p.								759784	D
Common Stock By Adams Family Foundation II								222307	I	Trustee
Common Stock by JMA Grandchildren's Trust								12635	I	Trustee
Common Stock By Springland Ventures, L.p.								44000	D
Common Stock by W. Andrew Adams Exempt Trust								7411	D
Common Stock by W. Andrew Adams Non Exempt Trust								34140	D
Common Stock - held by Spouse								11707	I	Common Stock held by Spouse

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		7. Title and Amount of Securities Underlying Derivative Security (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
Stock Options (Right to Buy)	$60.52	2/22/2021		M			20000	2/22/2016	2/22/2021	Common Stock	20000	$0	0	D
Stock Option Grant - 2-22-17	$74.78							2/22/2017	2/22/2022	Common Stock	20000		20000	D
Stock Options (Right to Buy) 2-20-18	$64.33							2/20/2018	2/20/2023	Common Stock	20000		20000	D
Stock Option Grant 2-21-19	$79.96							2/21/2019	2/21/2024	Common Stock	25000		25000	D
Stock Options (Right to Buy) 2-21-2020	$90.79							2/21/2020	2/21/2025	Common Stock	25000		25000	D

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ADAMS W ANDREW 222 ROBERT ROSE DRIVE MURFREESBORO, TN 37129	X

Signatures
/s/Kimberly V. Ouimet, attorney-in-fact for Mr. Adams		2/23/2021
**Signature of Reporting Person		Date