WOOD JACK 4
4 · QLT INC/BC · Filed May 25, 2010
Insider Transaction Report
Form 4
QLT INC/BCQLTI
WOOD JACK
Director
Transactions
- Award
Phantom Stock
2010-05-21+7,500→ 45,000 total→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]Deferred stock units, which are payable only in cash.
- [F2]Each deferred stock unit is the economic equivalent of one share of common stock of the Issuer.
- [F3]The deferred stock units vest in thirty-six (36) successive and equal monthly installments measured from May 21, 2010, such that 100% of the deferred stock units will be fully vested on May 21, 2013.
- [F4]The deferred stock units have no fixed expiration date. Any vested deferred stock units are payable in cash upon the Reporting Person's departure from the Board of Directors of the Issuer, with any unvested deferred stock units expiring on such date.