Psychiatric Solutions Inc - Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * POLSON JACK E	2. Issuer Name and Ticker or Trading Symbol PSYCHIATRIC SOLUTIONS INC [ PSYS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                      _____ 10% Owner __ X __ Officer (give title below)      _____ Other (specify below) EVP, Chief Accounting Officer
(Last)          (First)          (Middle) 6640 CAROTHERS PARKWAY, SUITE 500	3. Date of Earliest Transaction (MM/DD/YYYY) 5/28/2008
(Street) FRANKLIN, TN 37067 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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	5/28/2008		M		35000   (1)	A	$6.875   (1)	110002	D
Common Stock	5/28/2008		S		35000	D	$37.019	75002	D
Common Stock	5/29/2008		M		15000   (1)	A	$6.875   (1)	90002	D
Common Stock	5/29/2008		S		15000	D	$37.21	75002	D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: 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
Option (Right to Buy)	$6.875   (1)	5/28/2008		M			35000	(2)	10/30/2013	Common Stock	35000	$0	15000   (1)	D
Option (Right to Buy)	$6.875   (1)	5/29/2008		M			15000	10/30/2007	10/30/2013	Common Stock	15000	$0	0	D

Explanation of Responses:
( 1)	Information concerning this stock option grant has been updated to reflect the two-for-one stock split effected in the form of a stock dividend on January 9, 2006.
( 2)	25,000 options vested on October 30, 2006 and 10,000 options vested on October 30, 2007

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
POLSON JACK E 6640 CAROTHERS PARKWAY, SUITE 500 FRANKLIN, TN 37067			EVP, Chief Accounting Officer

Signatures
/s/ Chris Minar, Attorney in Fact		5/30/2008
** 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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