An adjustable rehabilitation and exercise device, including a rotary member having a plurality of elongated and spaced apart elongated open-ended slots defined thereon; a mount selectively and movably positionable on a selected one of the slots of the rotary member to select an angular location of the mount. The mount includes a sliding member movably positionable along the selected slot to a selected radial location along the selected slot to select a radial location of the mount relative to the hub of the rotary member. The mount has a slide member configured to slidingly engage the slot and a movable plunger located on the slide member, wherein the plunger is movable to engage the slot so as to lock the position of the mount along the slot; and a patient engagement member connectable to the mount and movable with the mount.