X0202 4 2004-05-05 0000829608 PSYCHIATRIC SOLUTIONS INC PSYS 0001199270 LAMONT ANN H C/O OAK INVESTMENT PARTNERS ONE GORHAM ISLAND WESTPORT CT 06880 1 0 1 0 0000933938 OAK INVESTMENT PARTNERS VI LP ONE GORHAM ISLAND WESTPORT CT 06880 0 0 1 0 0001131676 OAK INVESTMENT PARTNERS X LTD PARTNERSHIP ONE GORHAM ISLAND WESTPORT CT 06880 0 0 1 0 0001143824 OAK X AFFILIATES FUND LP ONE GORHAM ISLAND WESTPORT CT 06880 0 0 1 0 Common Stock 2004-05-05 4 C 0 596485 A 633555 I See Note Common Stock 2004-05-05 4 C 0 9576 A 10172 I See Note Common Stock 2004-05-05 4 J 0 633555 D 0 I See Note Common Stock 2004-05-05 4 J 0 10172 D 0 I See Note Common Stock 2792 D Common Stock 473 I See Note Series A Preferred Stock 2004-05-05 4 C 0 596485 D Common Stock 596485 1789455 I See Note Series A Preferred Stock 2004-05-05 4 C 0 9576 D Common Stock 9576 28727 I See Note Represents the number of shares of Common Stock issued to such Reporting Person upon the conversion of shares of Series A Preferred Stock as reported in Table II. The conversion price of the Series A Preferred Stock was approximately $5.50 per share. Includes 37,070 shares of Common Stock received pursuant to a paid-in-kind dividend that had accrued on the shares of Series A Preferred Stock that were converted on May 5, 2004 and such dividend was paid upon such conversion. Represents shares directly owned by Oak Investment Partners X, Limited Partnership ("Oak X, L.P."). Includes 596 shares of Common Stock received pursuant to a paid-in-kind dividend that had accrued on the shares of Series A Preferred Stock that were converted on May 5, 2004 and such dividend was paid upon such conversion. Represents shares directly owned by Oak X Affiliates Fund, Limited Partnership ("Oak X Affiliates, L.P."). On May 5, 2004, Oak X, L.P. made an in-kind distribution, without any additional consideration, of Common Stock to the limited and general partners of Oak X, L.P. In turn, the general partner made an in-kind distribution of the shares it received to its members. On May 5, 2004, Oak X Affiliates, L.P. made an in-kind distribution, without any additional consideration, of Common Stock to the limited and general partners of Oak X Affiliates, L.P. In turn, the general partner made an in-kind distribution of the shares it received to its members. Represents shares directly owned by Ann H. Lamont, a director of the Psychiatric Solutions Inc., and received as part of the distributions described in footnotes 6 and 7. This acquisition merely reflects a change in beneficial ownership from indirect to direct. No other Reporting Person has any pecuniary interest in these shares. Represents shares directly owned by Oak Investment Partners VI, Limited Partnership ("Oak VI, L.P."). Each share of Series A Preferred Stock is initially convertible into 1 share of Common Stock at a conversion price of $5.50 per share. The conversion price remains subject to adjustment pursuant to the terms of the Series A Preferred Stock. The Series A Preferred Stock is immediately convertible. The conversion feature continues indefinitely. As the transaction involves the conversion of a derivative security, no information is required to be included in Column 8 of Table II, in accordance with general instruction 4(c)(iii). Such shares of Series A Preferred Stock have accrued pay-in-kind dividends equal to 82,553 shares of Common Stock as of May 5, 2004, which dividends are payable upon conversion of such shares of Series A Preferred Stock. Such shares of Series A Preferred Stock have accrued pay-in-kind dividends equal to 1,330 shares of Common Stock as of May 5, 2004, which dividends are payable upon conversion of such shares of Series A Preferred Stock. Remarks Ann H. Lamont is a Director of Psychiatric Solutions, Inc. Ms. Lamont is a Managing Member of Oak Associates VI, L.L.C., the General Partner of Oak VI, L.P.; a Managing Member of Oak Associates X, L.L.C., the General Partner of Oak X, L.P.; and a Managing Member of Oak X Affiliates, L.L.C., the General Partner of Oak X Affiliates, L.P. Each Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of any securities (except to the extent of such Reporting Person's pecuniary interest in such securities) other than any securities reported herein as being directly owned by such Reporting Person, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of any such securities for purposes of Section 16 or for any other purpose. Ann H. Lamont 2004-05-07 Ann H. Lamont, Managing Member of Oak Associates VI, L.L.C., the General Partner of Oak Investment Partners VI, Limited Partnership 2004-05-07 Ann H. Lamont, Managing Member of Oak Associates X, L.L.C., the General Partner of Oak Investment Partners X, Limited Partnership 2004-05-07 Ann H. Lamont, Managing Member of Oak X Affiliates, L.L.C., the General Partner of Oak X Affiliates Fund, Limited Partnership 2004-05-07