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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000950142-04-000193.txt : 20040122
<SEC-HEADER>0000950142-04-000193.hdr.sgml : 20040122
<ACCEPTANCE-DATETIME>20040122171300
ACCESSION NUMBER:		0000950142-04-000193
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030516
FILED AS OF DATE:		20040122

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PSYCHIATRIC SOLUTIONS INC
		CENTRAL INDEX KEY:			0000829608
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093]
		IRS NUMBER:				232491707
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0430

	BUSINESS ADDRESS:	
		STREET 1:		113 SEABOARD LANE
		STREET 2:		SUITE C-100
		CITY:			FRANKLIN
		STATE:			TN
		ZIP:			37067
		BUSINESS PHONE:		615-312-5700

	MAIL ADDRESS:	
		STREET 1:		113 SEABOARD LANE
		STREET 2:		SUITE C-100
		CITY:			FRANKLIN
		STATE:			TN
		ZIP:			37067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PMR CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ZARON CAPITAL INC
		DATE OF NAME CHANGE:	19891116

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DONLAN JOSEPH P
		CENTRAL INDEX KEY:			0001052085

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20488
		FILM NUMBER:		04538257

	BUSINESS ADDRESS:	
		STREET 1:		59 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		2124937882

	MAIL ADDRESS:	
		STREET 1:		59 WALL STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>form4a-jpd51603_psysex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4/A</documentType>
   <periodOfReport>2003-05-16</periodOfReport>
   <dateOfOriginalSubmission>2003-05-20</dateOfOriginalSubmission>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000829608</issuerCik>
        <issuerName>PSYCHIATRIC SOLUTIONS INC</issuerName>
        <issuerTradingSymbol>PSYS</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001052085</rptOwnerCik>
            <rptOwnerName>DONLAN JOSEPH P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>59 WALL STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10005</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>1</isOther>
         <otherText>See Footnote 4.</otherText>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-05-16</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-05-16</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>372039</value>
            <footnoteId id="F1"/>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.01</value>
            <footnoteId id="F1"/>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>372039</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>See Footnotes 3,4.</value>
            <footnoteId id="F3"/>
            <footnoteId id="F4"/>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Warrants (right to buy)</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0.01</value>
            <footnoteId id="F1"/>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-05-16</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-05-16</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>372412</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
            <footnoteId id="F2"/>
      </exerciseDate>
      <expirationDate>
         <value>2012-06-28</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>372412</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>See Footnotes 3,4.</value>
            <footnoteId id="F3"/>
            <footnoteId id="F4"/>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> The exercise of the Common Stock Warrants was effected through a cashless exercise, whereby the 1818 Mezzanine Fund II, L.P. (the &quot;1818 Fund&quot;) paid the exercise price for the Common Stock Warrants through a reduction of the number of shares of Common Stock issued to the 1818 Fund when the 1818 Fund exercised the Common Stock Warrants. The Issuer reduced the shares of Common Stock issued to the 1818 Fund upon the exercise of the Common Stock Warrants by the number of shares of Common Stock equal to the aggregate exercise price paid by the 1818 Fund divided by the market price of the Common Stock on the business day preceding the exercise of the Common Stock Warrants.</footnote>

      <footnote id="F2"> Immediately exercisable.</footnote>

      <footnote id="F3"> By the 1818 Fund. The Reporting Person is a limited partner of BBH Mezzanine Management II, L.P. (&quot;BBH II&quot;), a special general partner of the 1818 Fund and, as such, his pecuniary interest in the securities is limited to his percentage interest in BBH II's interest in such securities.</footnote>

      <footnote id="F4"> The Reporting Person directly and indirectly beneficially owns less than 10% of the outstanding Common Stock of the Issuer, but, pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the &quot;Act&quot;), may be deemed to be a more than 10% beneficial owner of such Common Stock because it may be deemed to be a member of a &quot;group&quot; that owns in excess of 10% of such outstanding Common Stock pursuant to Section 13(d)(3) under the Act. The Reporting Person disclaims any such group status. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any equity securities of the Issuer owned by any other person.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Joseph P. Donlan</signatureName>
      <signatureDate>2004-01-22</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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