Lussow Alexander R 4
4 · QLT INC/BC · Filed May 6, 2013
Insider Transaction Report
Form 4
QLT INC/BCQLTI
Lussow Alexander R
Sr. VP, Bus. Dev. & Comm. Op.
Transactions
- Sale
Common Stock
2013-05-03$7.85/sh−90,000$706,500→ 20,000 total - Exercise/Conversion
Employee Stock Option (right to buy)
2013-05-03−90,000→ 0 totalExercise: $7.14Exp: 2016-05-24→ Common Stock (90,000 underlying) - Exercise/Conversion
Common Stock
2013-05-03$7.14/sh+90,000$642,600→ 110,000 total
Footnotes (3)
- [F1]Price reflects the conversion of Canadian dollars to US dollars based on the Bank of Canada nominal noon exchange rate as of the date of the reportable event.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.53 to $7.98 inclusive. The reporting person undertakes to provide to QLT Inc., any security holder of QLT Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The option originally provided for vesting in 36 equal monthly installments measured from May 24, 2011. However, in connection with a change in control of QLT Inc. (as defined in the option agreement), the unvested shares under such option were accelerated and became fully exercisable on June 4, 2012.