QLT INC/BC 4
4 · QLT INC/BC · Filed Jul 12, 2012
Insider Transaction Report
Form 4
QLT INC/BCQLTI
CORMATRIX CARDIOVASCULAR INC
Director
Transactions
- Award
Phantom Stock
2012-07-10+11,000→ 11,000 total→ Common Stock (11,000 underlying)
Footnotes (5)
- [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]3,500 of the deferred stock units were granted to the Reporting Person in connection with the Reporting Person's appointment to the Board and the remaining deferred stock units relate to an annual grant of deferred stock units to Directors of the Issuer.
- [F4]The deferred stock units vest in thirty-six (36) successive and equal monthly installments measured from July 10, 2012, such that 100% of the deferred stock units will be fully vested on July 10, 2015.
- [F5]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.