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ACADIA PHARMACEUTICALS INC Director's Dealing 2011

Jun 14, 2011

31237_dirs_2011-06-14_18f09601-3331-4f27-9de5-6dcf42519738.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ACADIA PHARMACEUTICALS INC (ACAD)
CIK: 0001070494
Period of Report: 2011-06-10

Reporting Person: Iversen Leslie L (N/A)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-10 Stock option (right to buy) $1.75 A 10000 Acquired 2021-06-09 Common stock (10000) Direct
2011-06-10 Stock option (right to buy) $1.75 A 38571 Acquired 2021-06-09 Common stock (38571) Direct
2011-06-10 Stock option (right to buy) $1.75 A 6000 Acquired 2021-06-09 Common Stock (6000) Direct

Footnotes

F1: 25% of the shares subject to the Stock Option vest and become exercisable at the end of each 3-month period following the date of grant.

F2: The Reporting Person has elected to convert annual retainer fees of $22,500 into a stock option under the terms of the Issuer's Outside Director Compensation Program.

F3: 25% of the shares subject to the Stock Option vest 1 year after the date of grant, with 1/48th of the shares vesting after each the following 36 months.

F4: Stock option awarded under the terms of the Issuer's Outside Director Compensation Program for service on the Issuer's Scientific Advisory Committee.