X0202 4 2007-02-22 0 0001333763 Chelsea Therapeutics International, Ltd. CHTP 0001391844 Friedman Avram Z C/O DAVIDSON KEMPNER PARTNERS 65 EAST 55TH STREET 19TH FLOOR NEW YORK NY 10022 0 0 1 0 Common Stock 2007-02-22 4 P 0 30800 6.12 A 2029300 I See Notes The shares of Common Stock to which this note relates are held directly by Davidson Kempner Partners, a New York limited partnership ("DKP"), as to 55,147 shares of Common Stock ("Shares"); Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership ("DKIP"), as to 188,469 Shares; M.H. Davidson & Co., a New York limited partnership ("CO"), as to 17,339 Shares; Davidson Kempner International, Ltd., a British Virgin Islands corporation ("DKIL"), as to 323,901 Shares; Davidson Kempner Healthcare Fund LP, a Delaware limited partnership ("DKHF"), as to 702,199 Shares; Davidson Kempner Healthcare International Ltd., a Cayman Islands corporation ("DKHI"), as to 734,979 Shares; and as to 7,266 Shares held in a separately managed account. MHD Management Co., a New York limited partnership ("MHD"), is the general partner of DKP. Davidson Kempner Advisers Inc., a New York corporation ("DKAI"), is the general partner of DKIP and is registered as an investment adviser with the U.S. Securities Exchange Commission. Davidson Kempner International Advisors, L.L.C., a Delaware limited liability company ("DKIA"), is the investment manager of DKIL and a managed account. DK Group LLC, a Delaware limited liability company ("DKG"), is the general partner of DKHF. DK Management Partners LP, a Delaware limited partnership ("DKMP"), is the investment manager of DKHI. Thomas L. Kempner, Jr., Marvin H. Davidson, Stephen M. Dowicz, Scott E. Davidson, Michael J. Leffell, Timothy I. Levart, Robert J. Brivio, Jr., Eric P. Epstein, Anthony A. Yoseloff and Avram Z. Friedman (collectively, the "Principals") are the general partners of CO and MHD, the sole managing members of DKIA and DKG and the sole stockholders of DKAI. Each of Messrs. Kempner, Levart, Marvin H. Davidson, Dowicz, Scott E. Davidson, Leffell, Brivio, Yoseloff, Epstein and Friedman are limited partners of DKMP. In addition, Robert J. Brivio controls 750 Shares in a personal account for the benefit of Robert J. Brivio and Sophia Brivio. Each of the Reporting Persons disclaims beneficial ownership of the securities to which this Form 4 relates except to the extent each may be deemed to have a pecuniary interest in such securities pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. This is Part Three of a three part Form 4 filing. Part one is filed by Davidson Kempner Partners. Part Two is filed by Thomas L. Kempner, Jr. Parts Two and Three are filed to indicate all Reporting Persons. Parts Two and Three are not separate Form 4 filings. AVRAM Z. FRIEDMAN, /s/ Avram Z. Friedman 2007-03-05