BUTCHOFSKY ROBERT 4
4 · QLT INC/BC · Filed May 6, 2009
Insider Transaction Report
Form 4
QLT INC/BCQLTI
BUTCHOFSKY ROBERT
DirectorPresident and CEO
Transactions
- Award
Employee Stock Options (right to buy)
2009-05-04+250,000→ 250,000 totalExercise: $2.07Exp: 2014-05-04→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]Option exercise price reflects the conversion of Canadian dollars to U.S. dollars based on the exchange rate in effect as of the date of grant, which exchange rate was 1:0.8493. The option exercise price is $2.44 CAD per share, which was the closing price of the Issuer's common stock on the Toronto Stock Exchange as of the date of grant.
- [F2]The shares subject to the option vest and become exercisable in thirty-six (36) successive and equal monthly installments measured from May 4, 2009, such that 100% of the shares subject to the option will be fully vested on May 4, 2012.