SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Fincher Ronald Morgan

(Last)

(First)

(Middle)

6640 CAROTHERS PARKWAY, SUITE 500

(Street)

FRANKLIN

37067

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/14/2008

3. Issuer Name and Ticker or Trading Symbol
PSYCHIATRIC SOLUTIONS INC [ PSYS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Co-Chief Operating Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	10,000⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option (Right to Buy)	04/10/2007	04/10/2013	Common Stock	4,000⁽²⁾	$4.3⁽²⁾	D
Option (Right to Buy)	⁽³⁾	03/17/2015	Common Stock	6,000⁽²⁾	$20.69⁽²⁾	D
Option (Right to Buy)	⁽⁴⁾	02/23/2016	Common Stock	45,000	$32.99	D
Option (Right to Buy)	⁽⁵⁾	02/20/2017	Common Stock	23,000	$41.54	D
Option (Right to Buy)	⁽⁶⁾	02/25/2018	Common Stock	12,500	$29	D

Explanation of Responses:

1. 2,500 shares of restricted stock vest on each of February 25, 2009, February 25, 2010, February 25, 2011 and February 25, 2012.

2. The information contained in this Form 3 reflects the two-for-one stock split effected in the form of a stock dividend on January 9, 2006.

3. 1,000 options vested on March 17, 2007; 5,000 options vested on March 17, 2008.

4. 11,250 options vest on each of February 23, 2006, February 23, 2007, February 23, 2008 and February 23, 2009.

5. 5,750 options vest annually beginning on February 20, 2008.

6. 3,125 options vest annually beginning on February 25, 2009.

	/s/ Chris Minar, Attorney-in-Fact	10/16/2008
	** 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 5 (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.