The G0 V star HD 166435 has been observed by the fiber-fed spectrograph ELO
DIE as one of the targets in the large extra-solar planet survey that we ar
e conducting at the Observatory of Haute-Provence. We detected coherent, lo
w-amplitude, radial-velocity variations with a period of 3.7987 days, sugge
sting a possible close-in planetary companion. Subsequently, we initiated a
series of high-precision photometric observations to search for possible p
lanetary transits and an additional series of Ca II H and K observations to
measure the level of surface magnetic activity and to look for possible ro
tational modulation. Surprisingly, we found the star to be photometrically
variable and magnetically active. A detailed study of the phase stability o
f the radial-velocity signal revealed that the radial-velocity variability
remains coherent only for durations of about 30 days. Analysis of the time
variation of the spectroscopic line profiles using line bisectors revealed
a correlation between radial velocity and line-bisector orientation. All of
these observations, along with a one-quarter cycle phase shift between the
photometric and the radial-velocity variations, are well explained by the
presence of dark photospheric spots on HD 166435. We conclude that the radi
al-velocity variations are not due to gravitational interaction with an orb
iting planet but, instead, originate from line-profile changes stemming fro
m star spots on the surface of the star. The quasi-coherence of the radial-
velocity signal over more than two years, which allowed a fair fit with a b
inary model, makes the stability of this star unusual among other active st
ars. It suggests a stable magnetic field orientation where spots are always
generated at about the same location on the surface of the star.