This paper is an addendum to earlier papers cite{R1,R2} in which it was shown that the unstable separatrix solutions for Painleve I and II are determined by $PT$-symmetric Hamiltonians. In this paper unstable separatrix solutions of the fourth Painleve transcendent are studied numerically and analytically. For a fixed initial value, say $y(0)=1$, a discrete set of initial slopes $y(0)=b_n$ give rise to separatrix solutions. Similarly, for a fixed initial slope, say $y(0)=0$, a discrete set of initial values $y(0)=c_n$ give rise to separatrix solutions. For Painleve IV the large-$n$ asymptotic behavior of $b_n$ is $b_nsim B_{rm IV}n^{3/4}$ and that of $c_n$ is $c_nsim C_{rm IV} n^{1/2}$. The constants $B_{rm IV}$ and $C_{rm IV}$ are determined both numerically and analytically. The analytical values of these constants are found by reducing the nonlinear Painleve IV equation to the linear eigenvalue equation for the sextic $PT$-symmetric Hamiltonian $H=frac{1}{2} p^2+frac{1}{8} x^6$.
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