X0306 4 2016-08-12 0 0001606180 AAC Holdings, Inc. AAC 0001620573 Freeman Darrell S. C/O AMERICAN ADDICTION CENTERS, INC. 200 POWELL PLACE BRENTWOOD TN 37027 1 0 0 0 Common Stock 2016-08-12 4 P 0 2500 17.45 A 113660 D Common Stock 88648 I By Zycron, Inc. Common Stock 24625 I By Milan Investment Group, LLC The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.45 to $17.49, inclusive. The reporting person undertakes to provide to AAC Holdings, Inc., any security holder of AAC Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4. /s/ Kathryn Sevier Phillips, attorney-in-fact 2016-08-16