Taylor Thomas S 4
4 · PATHEON INC · Filed Nov 2, 2011
Insider Transaction Report
Form 4
PATHEON INCPTI
Taylor Thomas S
Director10% Owner
Transactions
- Award
Deferred Share Units
2011-10-31+12,118→ 128,294 total→ Restricted Voting Shares (12,118 underlying)
Footnotes (2)
- [F1]Each deferred share unit ("DSU") entitles its holder, upon ceasing to be a director, to receive an amount of cash having the same value as one restricted voting share of Patheon Inc. at such time.
- [F2]The DSUs credited to the director's account consist of (i) 5,788 DSUs for retainer fees that are required to be paid to the director in the form of DSUs and (ii) 6,330 DSUs for retainer fees that the director has elected to be paid in the form of DSUs. The number of DSUs acquired by the director was based on the weighted-average price at which the Company's restricted voting shares traded on the Toronto Stock Exchange on October 27, 2011 and October 28, 2011 (the two trading days prior to the acquisition date), which was $1.38 (as converted from C$1.37 using the average of the closing rates of exchange from Reuters on October 27 and October 28, 2011).