BUTCHOFSKY ROBERT 4
4 · QLT INC/BC · Filed May 27, 2011
Insider Transaction Report
Form 4
QLT INC/BCQLTI
BUTCHOFSKY ROBERT
DirectorPresident and CEO
Transactions
- Award
Employee Stock Options (right to buy)
2011-05-25+300,000→ 300,000 totalExercise: $7.36Exp: 2016-05-25→ Common Stock (300,000 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 1:1.0226. The option exercise price is $7.20 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 25, 2011, such that 100% of the shares subject to the option will be fully vested on May 25, 2014.