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FENNEC PHARMACEUTICALS INC. Director's Dealing 2010

Feb 23, 2010

35599_dirs_2010-02-23_fa5f53fd-f9dd-485e-87ee-490541824a37.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: ADHEREX TECHNOLOGIES INC (ADH)
CIK: 0001211583
Period of Report: 2010-02-22

Reporting Person: Southpoint Capital Advisors LP (10% Owner)
Reporting Person: Southpoint GP, LP (10% Owner)
Reporting Person: Southpoint Capital Advisors LLC (10% Owner)
Reporting Person: Southpoint GP, LLC (10% Owner)
Reporting Person: Clark John Smith II (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-22 Common Stock P 0 Disposed 41504000 Indirect

Footnotes

F1: The filing of this Form 4 shall not be construed as an admission that Southpoint Capital Advisors LLC, Southpoint GP, LLC, Southpoint Capital Advisors LP, Southpoint GP, LP or John S. Clark II is or was for the purposes of Section 16(a) of the Securities Exchange act of 1934, as amended, or otherwise the beneficial owner of any of shares of common stock of Deherex Technologies Inc. ("Shares") owned by Southpoint Fund LP, Southpoint Qualified Fund LP, Southpoint Offshore Fund, Ltd. or Southpoint Master Fund, LP. Pursuant to Rule 16a-1, each of Southpoint Capital Advisors LLC, Southpoint GP, LLC, Southpoint Capital Advisors LP, Southpoint GP, LP and John S. Clark II disclaim such beneficial ownership.

F2: Southpoint GP, LP, and its general partner Southpoint GP LLC, hold indirectly shares of Common Stock on behalf of Southpoint Fund LP, Southpoint Qualified Fund LP, and Southpoint Master Fund, LP, of which Southpoint GP, LP is the general partner. Southpoint Capital Advisors LP, and its general partner Southpoint Capital Advisors LLC, hold indirectly shares of Common Stock on behalf of Southpoint Fund LP, Southpoint Qualified Fund LP, Southpoint Master Fund, LP and Southpoint Offshore Fund, Ltd., for which Southpoint Capital Advisors LP serves as investment manager. John S. Clark II reports the shares held indirectly by Southpoint GP LLC and Southpoint Capital Advisors LLC because, as the manager of Southpoint GP LLC and Southpoint Capital Advisors LLC at the time of purchase, he controlled the voting and disposition of the securities.