X0306 4 2014-01-30 0 0001520697 Acadia Healthcare Company, Inc. ACHC 0001531889 Carter Norman King III ACADIA HEALTHCARE COMPANY, INC. 830 CRESCENT CENTRE DRIVE, SUITE 610 FRANKLIN TN 37067 0 0 1 0 Common Stock 2014-01-30 4 S 0 6236 51.275 D 54660 D Common Stock 2014-01-31 4 S 0 10000 50.799 D 44660 D Common Stock 2014-02-03 4 S 0 3764 51.50 D 40896 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.8500 to $51.5200, inclusive. The reporting person undertakes to provide to Acadia Healthcare Company, Inc. (Acadia), any security holder of Acadia, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) of the Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.2000 to $51.0100, inclusive. In connection with the merger of Acadia Healthcare Company, Inc. ("Acadia") and PHC, Inc., the reporting person entered into a stockholders agreement with Acadia and certain other stockholders. As a result, he may deemed to be a part of a "group" with such other stockholders. To the extent the reporting person is deemed a member of a group, he disclaims beneficial ownership of shares owned by other members of the group. /s/ Norman King Carter III 2014-02-03