AVADEL PHARMACEUTICALS PLC — Director's Dealing 2016

Jan 4, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: SULLIVAN STEPHEN G. (VP, Strategic Marketing)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$23.53	2025-09-15	ADSs (50000)		Direct

Footnotes

F1: Options become exercisable as to12,500 ADSs on each of the first four anniversaries after the 09/15/2015 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.