Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SOROS FUND MANAGEMENT LLC
   2. Issuer Name and Ticker or Trading Symbol
MAP Pharmaceuticals, Inc. [MAPP] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
888 SEVENTH AVENUE, 31ST FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
05/22/2008
(Street)

NEW YORK, NY 10106		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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
Stock Option (right to buy) $ 12.19 05/22/2008   J(1)(2)   7,500     (1) 05/21/2018 Common Stock 7,500 $ 0 7,500 I See footnotes (1) (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SOROS FUND MANAGEMENT LLC
888 SEVENTH AVENUE
31ST FLOOR
NEW YORK, NY 10106		     X    
SOROS GEORGE
888 SEVENTH AVE
31ST FLR
NEW YORK, NY 10106		     X    
Soros Robert
C/O SOROS FUND MANAGEMENT LLC
888 SEVENTH AVENUE, 31ST FLOOR
NEW YORK, NY 10106		     X    
SOROS JONATHAN T ALLAN
C/O SOROS FUND MANAGEMENT LLC
888 SEVENTH AVENUE, 31ST FLOOR
NEW YORK, NY 10106		     X    

Signatures

 /s/ Jodye M. Anzalotta, Assistant General Counsel of Soros Fund Management LLC (3)   05/27/2008
**Signature of Reporting Person Date
 /s/ Jodye M. Anzalotta, Attorney-in-Fact for George Soros (4)   05/27/2008
**Signature of Reporting Person Date
 /s/ Jodye M. Anzalotta, Attorney-in-Fact for Robert Soros (5)   05/27/2008
**Signature of Reporting Person Date
 /s/ Jodye M. Anzalotta, Attorney-in-Fact for Jonathan Soros (6)   05/27/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents a director option to purchase 7,500 shares of common stock issued to Steven A. Elms . The option is exercisable as it vests: 1/12th of the total number of option shares becomes exercisable cumulatively each month following the grant date over the following 12 months, so that the entire number of option shares will become fully vested and exercisable on the one year anniversary from the grant date on the condition that vesting continue while the director remains a member of the board of directors of the issuer.
(2) The option is held for the benefit of an entity of which Soros Fund Management LLC ("SFM LLC"), a Delaware limited liability company, may be deeded to be affiliated. Mr. George Soros serves as Chairman of SFM LLC, Mr. Robert Soros serves as Deputy Chairman of SFM LLC, and Mr. Jonathan Soros serves as President and Deputy Chairman of SFM LLC.
 
Remarks:
Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), SFM LLC, Mr. George
 Soros, Mr. Robert Soros and Mr. Jonathan Soros may be deemed to be the beneficial owners of the securities reported herein
 only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall
 not be deemed an admission that SFM LLC, Mr. George Soros, Mr. Robert Soros or Mr. Jonathan Soros are, for purposes of
 Section 16 of the Act or otherwise, the beneficial owners of any securities reported herein in excess of such amount.

(3)     Jodye M. Anzalotta is signing in her capacity as Ass't General Counsel of Soros Fund Management LLC.

(4)     Jodye M. Anzalotta is signing in her capacity as Attorney-in-Fact for Mr. George Soros.

(5)     Jodye M. Anzalotta is signing in her capacity as Attorney-in-Fact for Mr. Robert Soros.

(6)     Jodye M. Anzalotta is signing in her capacity as Attorney-in-Fact for Mr. Jonathan Soros.

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