UHS Universal Health Services

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 * MILLER ALAN B	2. Issuer Name and Ticker or Trading Symbol UNIVERSAL HEALTH SERVICES INC [ UHS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    __X__ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Chairman and CEO
(Last)          (First)          (Middle) UNIVERSAL HEALTH SERVICES, INC., 367 SOUTH GULPH ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 12/3/2020
(Street) KING OF PRUSSIA, PA 19406 (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
Class B Common Stock	12/3/2020		M		295000	A	$132.01	966256	D
Class B Common Stock	12/3/2020		F		277789	D	$132.01	688467	D
Class B Common Stock	12/4/2020		M		100000	A	$135.18	788467	D
Class B Common Stock	12/4/2020		F		92954	D	$135.18	695513	D
Class B Common Stock								150000	I	Abby Miller King 2020 GRAT
Class B Common Stock								24180	I	AMK 2014 LLC as held by The Abby Miller King 2019 GRAT
Class B Common Stock								59072	I	AMK 2014 LLC as held by The Abby Miller King 2020 GRAT
Class B Common Stock								16748	I	AMK 2014 LLC held by The Abby Danielle Miller 2002 Trust
Class B Common Stock								55763	I	By The Abby Miller King 2011 Family Trust
Class B Common Stock								200000	I	Marc Daniel Miller 2020 GRAT
Class B Common Stock								150000	I	Marni Spencer 2020 GRAT
Class B Common Stock								45621	I	MDM 2014 LLC as held by the Marc Daniel Miller 2019 GRAT
Class B Common Stock								130372	I	MDM 2014 LLC as held by the Marc Daniel Miller 2020 GRAT
Class B Common Stock								24007	I	MDM 2014 LLC held by The Marc Daniel Miller 2002 Trust
Class B Common Stock								24180	I	MS 2014 LLC as held by The Marni Spencer 2019 GRAT
Class B Common Stock								59072	I	MS 2014 LLC as held by The Marni Spencer 2020 GRAT
Class B Common Stock								16748	I	MS 2014 LLC held by The Marni Spencer 2002 Trust
Class B Common Stock								9810	I	The Alan and Jill Miller Foundation (1)
Class B Common Stock								59900	I	The Marc Daniel Miller 2011 Family Trust
Class B Common Stock								55763	I	The Marni Spencer 2011 Family Trust

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
Option To Purchase Class B Common Stock	$118.62	12/3/2020		M			295000	(2)	3/22/2021	Class B Common Stock	295000	$0	295000	D
Option To Purchase Class B Common Stock	$118.62	12/4/2020		M			100000	(2)	3/22/2021	Class B Common Stock	100000	$0	195000	D

Explanation of Responses:
(1)	Mr. Alan B. Miller disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Alan B. Miller is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
(2)	Option vests ratably on each of 3/23/2017, 3/23/2018, 3/23/2019 and 3/23/2020.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MILLER ALAN B UNIVERSAL HEALTH SERVICES, INC. 367 SOUTH GULPH ROAD KING OF PRUSSIA, PA 19406	X	X	Chairman and CEO

Signatures
/s/ Alan B. Miller		12/7/2020
**Signature of Reporting Person		Date