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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