The present paper continues the publication of the most remarkable monuments of a priestly family from the Ptolemaic Memphis. This time the author presents a reseach on the stela BM EA 886, the owner of which is Psherenptah III, a high priest of Ptah, husband of Taimhotep. A thorough examination of the inscription based on the digital images has resulted in a new translation accompanied with commentaries and textual notes. New interpretation of puzzling or disputable fragments is proposed. The earlier editions of the monument are discussed in detail. Moreover, the study deals with the pedigree and the history of the family in question.