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

Schedule 13G/A
(RULE 13d-102)

Under the Securities Exchange Act of 1934
(Amendment No. 6)*


Information to be included in statements filed
pursuant to Rule 13d-1 (b) (c) and (d) and Amendments thereto
filed pursuant to Rule 13d-2 (b).

Pain Therapeutics, Inc.
(Name of Issuer)

Common Shares
(Title of Class of Securities)

69562K506
(CUSIP Number)

December 31, 2018
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:

[X] 	Rule 13d-1 (b)
[X]	Rule 13d-1 (c)
[ ]	Rule 13d-1 (d)

	*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

	The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).


SCHEDULE 13G/A

Issuer: Pain Therapeutics, Inc.			CUSIP No.: 69562K506


1	NAMES OF REPORTING PERSONS I.R.S.
	IDENTIFICATION NOS. OF ABOVE PERSONS

	First Eagle Investment Management, LLC
	Tax ID # 57-1156902

2	CHECK THE APPROPRIATE BOX IF A MEMBER
	OF A GROUP
	(a)
	(b)

3	SEC USE ONLY

4	CITIZENSHIP OR PLACE OF ORGANIZATION
	State of Delaware

NUMBER OF SHARES        5  SOLE VOTING POWER - 2,414,701
BENEFICIALLY            6  SHARED VOTING POWER - 0
OWNED BY EACH           7  SOLE DISPOSITIVE POWER - 2,458,846
REPORTING PERSON        8  SHARED DISPOSITIVE POWER - 0
WITH:

9	AGGREGATE AMOUNT BENEFICIALLY OWNED
	BY EACH REPORTING PERSON

	2,458,846

10	CHECK IF THE AGGREGATE AMOUNT IN
	ROW (11) EXCLUDES CERTAIN SHARES

	N/A

11	PERCENT OF CLASS REPRESENTED BY AMOUNT
   	IN ROW 9:

 	13.73%

12	TYPE OF REPORTING PERSON

	IA




SCHEDULE 13G/A

Issuer: Pain Therapeutics, Inc.		CUSIP No.: 69562K506

ITEM 1

(a)	Name of Issuer:
	Pain Therapeutics, Inc.


(b)	Address of Issuer's Principal Executive Offices:

	7801 N Capital of Texas Highway, Suite 260
	Austin TX, 78731

ITEM 2

(a)	Name of Person Filing: First Eagle Investment Management, LLC


(b)	Address of Principal Business Office:

	1345 Avenue of the Americas
	New York, NY 10105


(c)	Citizenship: Delaware, USA (Place of Incorporation)


(d)	Title of Class of Securities: Common Shares


(e)	CUSIP Number: 69562K506










SCHEDULE 13G/A


Issuer: Pain Therapeutics, Inc.			CUSIP No.: 69562K506


ITEM 3

If this statement is filed pursuant to Sections 240.
13d-1(b), or 240.13d-2(b) or (c), check whether
the person filing is a:

(a)	[  ]	Broker or dealer registered under
		Section 15 of the Act (15 U.S.C. 78o);

(b)	[  ]	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) 	[  ]	Insurance Company as defined in section
		3(a)(19) of the Act (15 U.S.C. 78C);

(d)	[  ]	Investment company registered under Section
		8 of the Investment Company Act if 1940
		(15 U.S.C. 80a-8);

(e)	[X]	An investment adviser in accordance with Section
		240.13d-1(b)(1)(ii)(E);

(f)	[  ]	An employee benefit plan or endowment fund in accordance with
		Section 240.13d-1(b)(1)(ii)(F);

(g)	[  ]	A parent holding company or control person in accordance with
		Section 240.13d-1(b)(1)(ii)(G);

(h)	[  ]	A savings associations as defined in Section 3(b) of the
		Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	[  ]	A church plan that is excluded from the
		definition of an insurance company under Section 3 (c)(14) of
		the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)	[  ]	Group, in accordance with section 240.13d-1 (b)(1)(ii)(J).







SCHEDULE 13G/A

Issuer: Pain Therapeutics, Inc.		CUSIP No.: 69562K506

ITEM 4.	Ownership.

	N/A

ITEM 5. Ownership of Five Percent or Less of a Class.

	N/A

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

First Eagle Investment Management, LLC (FEIM), an investment
adviser registered under Section 203 of the Investment Advisers Act
of 1940, is deemed to be the beneficial owner of 2,458,846 shares
or 13.73% of the Common Stock believed to be outstanding, including 694,291
shares which would be acquired upon the exercise of currently exerciable
warrants, as a result of acting as investment advisor to various clients.
Clients of FEIM have the right to receive and the ultimate power to direct
the receipt of dividends from, or the proceeds of the sale of, such securities.
21 April Fund Ltd.("21 April"), a Cayman Islands company for which FEIM acts
as investment adviser, may be deemed to beneficially own 1,185,741 common
shares and 534,467 exerciable warrants of Pain Therapeutics. In accordance with
the Warrant Agreement, exercise of the warrants is subject to a Beneficial
Ownership Limitation (as defined in the agreement) of 9.99% of the number of
shares of Common Stock outstanding immediately after giving effect to the
issuance of shares of Common Stock issuable upon exercise. 21 April holds
additional warrants above the 9.99% limit which would make 21 April's total
beneficial ownership 1,810,231 shares or 10.05% if there was no 9.99% limit.
Additionally, FEIM disclaims beneficial ownership in 44,145 shares reported by
FEIM which are held in separate accounts managed and voted by Michael M. Kellen
in his individual capacity.


ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
	WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
	PARENT HOLDING COMPANY OR CONTROL PERSON.

	N/A

ITEM 8. Identification and Classification of Members of the Group.

	N/A

ITEM 9. Notice of Dissolution of Group

	N/A

SCHEDULE 13G/A

Issuer: Pain Therapeutics, Inc.			CUSIP No.: 69562K506


ITEM 10. Certification

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of such securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose
or effect.







SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.

Date:		February 11, 2019

Signature:	/s/ Michael M. Kellen

Name/Title:	Michael M. Kellen, Director