SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
 
For the month of January 2006
 
Commission File Number 000-51122
 
pSivida Limited
(Translation of registrant’s name into English)
 
Level 12 BGC Centre
28 The Esplanade
Perth WA 6000
(Address of principal executive offices)
 
(Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F).
 
Form 20-F ý        Form 40-F o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes o        No ý
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ___.
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, pSivida Limited, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
     
  pSivida Limited
 
 
 
 
 
 
Date: January 5, 2006 By:   /s/ Aaron Finlay
 
 
Aaron Finlay
Chief Financial Officer and Company Secretary
 
 
 
 
 

 
 
EXHIBIT INDEX
 
EXHIBIT 99.1:
Appendix 3X Initial Director’s Interest Notice
 
 
 
 
 
 
 
 
 
 
 

 
 
- 2 -

 
Appendix 3X
Initial Director’s Interest Notice

Rule 3.19A.1
Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.

Name of entity
PSIVIDA LIMITED
ABN
78 009 232 026

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director
Dr Paul Ashton
Date of appointment
30 December 2005

Part 1 - Director’s relevant interests in securities of which the director is the registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.


Number & class of securities
 
17,664,080 fully paid ordinary shares (represented by 1,766,408 American Depositary Shares)
 
352,280 unquoted options to acquire ordinary shares (represented by options to acquire 35,228 ADSs) expiring 25 August 2009, exercisable at US$0.22709 per share (or US$2.2709 per ADS)
 
528,420 unquoted options to acquire ordinary shares (represented by options to acquire 52,842 ADSs) expiring 18 September 2007, exercisable at US$0.17742 per share (or US$1.7742 per ADS)
 
500,000 unquoted options to acquire ordinary shares expiring 30 September 2010, exercisable at A$0.92 per share
 


+ See chapter 19 for defined terms.
Appendix 3X Page 1
 
 

 
Appendix 3X
Initial Director’s Interest Notice

 
Part 2 - Director’s relevant interests in securities of which the director is not the registered holder
 
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest
Note: Provide details of the circumstances giving rise to the relevant interest
Number & class of Securities
N/A
N/A

Part 3 - Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract
 
Nature of interest
 
 
Name of registered holder
(if issued securities)
 
No. and class of securities to which interest relates
 
 

 
 

+ See chapter 19 for defined terms.
Appendix 3X Page 2