Insider Trades - HUTCHENS JAMES JUSTIN

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HUTCHENS JAMES JUSTIN: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
EMERITUS CP Officer NYSE:ESC (historical quotes, profile, SEC, other insiders)	30-Jun-08	10,032	Direct
NATL HEALTH INVESTOR Officer NYSE:NHI (historical quotes, profile, SEC, other insiders)	24-Dec-09	16,138	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
24-Dec-09 15,000 NHI Sale at $37.05 per share.
(Proceeds of $555,750)
23-Dec-09 200,000 NHI Option Exercise at $25.29 per share.
(Cost of $5,058,000)
23-Dec-09 68,862 NHI Disposition (Non Open Market) at $36.36 - $36.85 per share.
(Value of about $2,521,000)
30-Jun-08 35,000 ESC Sale at $14.84 per share.
(Proceeds of $519,400)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
24-Dec-09	15,000	NHI	Sale at $37.05 per share. (Proceeds of $555,750)
23-Dec-09	200,000	NHI	Option Exercise at $25.29 per share. (Cost of $5,058,000)
23-Dec-09	68,862	NHI	Disposition (Non Open Market) at $36.36 - $36.85 per share. (Value of about $2,521,000)
30-Jun-08	35,000	ESC	Sale at $14.84 per share. (Proceeds of $519,400)