W Andrew Adams Form 4 NATIONAL HEALTH INVESTORS / W ANDREW ADAMS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ADAMS W ANDREW

(Last) (First) (Middle)

222 ROBERT ROSE DRIVE

(Street)

MURFREESBORO TN 37129

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2016

4. If Amendment, Date of 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

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
Common Stock by W. Andrew Adams Non Exempt Trust	02/22/2016		M		15,000	A	$45.58	49,140	D
Common Stock by W. Andrew Adams Non Exempt Trust	02/22/2016		F		11,298	D	$60.52	37,842	D
Common Stock - held by Spouse								11,707	I	Common Stock held by Spouse
Common Stock By Adams Family Foundation II								222,307	I	Trustee
Common Stock By Amk, L.p.								732,784	D
Common Stock by EMA, L.P.								341,802	I	Trustee
Common Stock by JMA Grandchildren's Trust								12,635	I	Trustee
Common Stock By Springland Ventures, L.p.								44,000	D
Common Stock by W. Andrew Adams Exempt Trust								7,411	D

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 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: 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	02/22/2016		A		20,000		02/22/2016	02/22/2021	Common Stock	20,000	$60.52	20,000	D
Stock Options (Right to Buy)	$45.58	02/22/2016		M			15,000	02/22/2011	02/22/2016	Common Stock	15,000	$0	0	D
Stock Options (Right to Buy)	$47.52							02/21/2012	02/21/2017	Common Stock	15,000		15,000	D
Stock Options (Right to Buy)	$64.49							02/25/2013	02/25/2018	Common Stock	15,000		15,000	D
Stock Options (Right to Buy) 2-25-14	$61.31							02/25/2014	02/25/2019	Common Stock	15,000		15,000	D
Stock Options (Right to Buy)	$72.11							02/20/2015	02/20/2020	Common Stock	20,000		20,000	D

Explanation of Responses:

	/s/W. Andrew Adams	02/23/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.