AVADEL PHARMACEUTICALS PLC — Director's Dealing 2016

Jan 5, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: FLAMEL TECHNOLOGIES SA (FLML)
CIK: 0001012477
Period of Report: 2016-01-01

Reporting Person: DAVIS GREGORY J. (See Remarks)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$21.67	2025-06-26	ADSs (50000)		Direct
Stock Option (right to buy)	$14.35	2025-12-10	ADSs (50000)		Direct

Footnotes

F1: Options become exercisable as to12,500 ADSs on each of the first four anniversaries after the 06/26/2015 grant date.

F2: The issuer's "ADSs" are American Depositary Shares, with each ADS representing one ordinary share, nominal value 0.122 Euros per share, of the issuer; ADSs are represented by American Depositary Receipts.

F3: Options become exercisable as to12,500 ADSs on each of the first four anniversaries after the 12/10/2015 grant date.