FENNEC PHARMACEUTICALS INC. — Director's Dealing 2018

Mar 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FENNEC PHARMACEUTICALS INC. (FENC)
CIK: 0001211583
Period of Report: 2016-01-27

Reporting Person: MANCHESTER MANAGEMENT PR, LLC (10% Owner)
Reporting Person: MANCHESTER MANAGEMENT CO LLC (10% Owner)
Reporting Person: Manchester Explorer, L.P. (10% Owner)
Reporting Person: BESSER JAMES E (10% Owner)
Reporting Person: FRANK MORGAN C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Common Stock	P	8000	$2.66	Acquired	2168782	Indirect
2017-02-28	Common Stock	P	8000	$2.66	Acquired	1642899	Direct
2017-03-27	Common Stock	P	2000	$2.68	Acquired	2170782	Indirect
2017-03-27	Common Stock	P	2000	$2.68	Acquired	1644899	Direct
2017-03-30	Common Stock	P	700	$2.80	Acquired	2171482	Indirect
2017-03-30	Common Stock	P	700	$2.80	Acquired	1645599	Direct
2017-03-31	Common Stock	P	2000	$2.97	Acquired	2173482	Indirect
2017-03-31	Common Stock	P	2000	$2.97	Acquired	1647599	Direct
2017-03-31	Common Stock	P	2400	$3.03	Acquired	2175882	Indirect
2017-03-31	Common Stock	P	2400	$3.03	Acquired	1649999	Direct
2017-04-04	Common Stock	P	600	$3.39	Acquired	2176482	Indirect
2017-04-04	Common Stock	P	600	$3.39	Acquired	1650599	Direct
2017-04-05	Common Stock	P	600	$3.45	Acquired	2177082	Indirect
2017-04-05	Common Stock	P	600	$3.45	Acquired	1651199	Direct
2017-04-12	Common Stock	S	200	$3.45	Disposed	2176882	Indirect
2017-04-12	Common Stock	S	200	$3.45	Disposed	1650999	Direct
2017-04-13	Common Stock	P	100	$4.38	Acquired	2176982	Indirect
2017-04-13	Common Stock	P	100	$4.38	Acquired	1651099	Direct
2017-04-17	Common Stock	P	200	$4.04	Acquired	2177182	Indirect
2017-04-17	Common Stock	P	200	$4.04	Acquired	1651299	Direct
2017-10-18	Common Stock	P	20015	$10.46	Acquired	2197197	Indirect
2017-10-18	Common Stock	P	20015	$10.46	Acquired	1671314	Direct
2017-10-19	Common Stock	P	1300	$10.52	Acquired	2198497	Indirect
2017-10-19	Common Stock	P	1300	$10.52	Acquired	1672614	Direct
2017-10-24	Common Stock	P	2000	$10.23	Acquired	2200497	Indirect
2017-10-24	Common Stock	P	2000	$10.23	Acquired	1674614	Direct
2018-02-28	Common Stock	S	26000	$9.26	Disposed	166666	Direct
2018-02-28	Common Stock	S	17100	$9.41	Disposed	2183397	Indirect
2018-03-02	Common Stock	S	20000	$9.17	Disposed	2163397	Indirect
2018-03-06	Common Stock	S	6600	$9.11	Disposed	2156797	Indirect

Footnotes

F1: Manchester Management PR, LLC, a Puerto Rico limited liability company, provides investment management services to private individuals and institutions, including Manchester Explorer, L.P. The reported securities are indirectly beneficially owned by Manchester Management PR, LLC as a result of it having investment discretion over certain advisory accounts it manages and by Manchester Management Company, LLC as a result of it being the general partner over certain advisory accounts. The reported securities may also be deemed to be indirectly beneficially owned by James E. Besser, as the Managing Member of Manchester Management PR, LLC and as a Managing Member of Manchester Management Company, LLC, and by Morgan C. Frank, who serves as a portfolio manager and a consultant of Manchester Management Company, LLC.

F2: Each of the Reporting Persons disclaim beneficial ownership of the reported securities and warrants except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities and warrants for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3: The reported securities are directly owned by Manchester Explorer, L.P., a Delaware limited partnership.

F4: The reported securities are directly owned by James E. Besser in his personal capacity.