SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ATTICUS MANAGEMENT LLC (Last) (First) (Middle) 767 FIFTH AVENUE (Street) NEW YORK NY 10153 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ATHEROGENICS INC [ AGIX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 11/27/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/27/2007		S		44,338	D	$0.6304(3)	4,721,362	I	See Footnotes(1)(2)
Common Stock	11/27/2007		S		50,000	D	$0.6375(4)	4,671,362	I	See Footnotes
Common Stock	11/27/2007		S		25,000	D	$0.7058(5)	4,646,362	I	See Footnotes(1)(2)
Common Stock	11/27/2007		S		163,703	D	$0.6382(6)	4,482,659	I	See Footnotes(1)(2)
Common Stock	11/28/2007		S		7,300	D	$0.6347(7)	4,475,359	I	See Footnotes(1)(2)
Common Stock	11/28/2007		S		85,649	D	$0.4884(8)	4,389,710	I	See Footnotes(1)(2)
Common Stock	11/28/2007		S		1,587,000	D	$0.5	2,802,710	I	See Footnotes(1)(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* ATTICUS MANAGEMENT LLC (Last) (First) (Middle) 767 FIFTH AVENUE (Street) NEW YORK NY 10153 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Atticus Capital LP (Last) (First) (Middle) 767 FIFTH AVENUE (Street) NEW YORK NY 10153 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BARAKETT TIMOTHY R (Last) (First) (Middle) C/O ATTICUS CAPITAL LP 767 FIFTH AVENUE (Street) NEW YORK NY 10153 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This statement is being filed by Atticus Management LLC, f/k/a Atticus Capital, L.L.C., a Delaware limited liability company ("Atticus Management"). Atticus Capital LP, a Delaware limited partnership ("Atticus Capital") and Timothy R. Barakett are additional reporting persons.

2. Mr. Barakett is the Chairman, Chief Executive Officer and Managing Member of Atticus Management. Atticus Management is the sole general partner of Atticus Capital. Atticus Capital, together with certain of its affiliated entities (collectively, the "Atticus Entities"), acts as adviser for, or may otherwise be deemed to have investment discretion with respect to, various investment funds (the "Funds") and managed accounts (the "Accounts"). As a result, each of the Reporting Persons may be deemed to be a beneficial owner of the securities owned by the Funds and the Accounts for purposes of Rule 16a-1(a)(1) under the Securities Exchange Act of 1934, as amended (the "Act"). Each of the Reporting Persons disclaims beneficial ownership within the meaning of Rule 16a-1(a)(2) under the Act with regard to the securities owned by the Funds and Accounts except to the extent, if any, of such person's pecuniary interest therein.

3. The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.65 to $0.62.

4. The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.70 to $0.6230.

5. The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.74 to $0.68.

6. The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.68 to $0.66.

7. The reported sale price reflects an average price for numerous separate transactions. The actual sale prices for the transactions ranged from $0.6363 to $0.6301.

8. The reported sale price reflects an average price for numerous separate transctions. The actual sale prices for the transactions ranged from $0.4899 to $0.48.

	/s/ Dennis Bertron, Attorney-in-Fact; for Timothy R. Barakett, individually; as Managing Member of Atticus Management LLC; and on behalf of Atticus Capital LP, as Managing Member of Atticus Management LLC, its general partner	11/29/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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