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
2016-01-27	Common Stock	P	4800	$1.98	Acquired	2022157	Indirect
2016-01-27	Common Stock	P	4800	$1.98	Acquired	1496274	Direct
2016-01-28	Common Stock	P	4000	$2.10	Acquired	2026157	Indirect
2016-01-28	Common Stock	P	4000	$2.10	Acquired	1500274	Direct
2016-02-09	Common Stock	P	3000	$1.67	Acquired	2029157	Indirect
2016-02-09	Common Stock	P	3000	$1.67	Acquired	1503274	Direct
2016-02-10	Common Stock	P	11000	$1.63	Acquired	2040157	Indirect
2016-02-10	Common Stock	P	11000	$1.63	Acquired	1514274	Direct
2016-02-11	Common Stock	P	10100	$1.67	Acquired	2050257	Indirect
2016-02-11	Common Stock	P	10100	$1.67	Acquired	1524374	Direct
2016-04-19	Common Stock	P	20000	$1.92	Acquired	2070257	Indirect
2016-04-19	Common Stock	P	20000	$1.92	Acquired	1544374	Direct
2016-04-21	Common Stock	P	11000	$2.02	Acquired	2081257	Indirect
2016-04-21	Common Stock	P	11000	$2.02	Acquired	1555374	Direct
2016-05-19	Common Stock	P	5000	$2.45	Acquired	2086257	Indirect
2016-05-19	Common Stock	P	5000	$2.45	Acquired	1560374	Direct
2016-05-25	Common Stock	P	300	$2.45	Acquired	2086557	Indirect
2016-05-25	Common Stock	P	300	$2.45	Acquired	1560674	Direct
2016-05-26	Common Stock	P	2425	$2.36	Acquired	2088982	Indirect
2016-05-26	Common Stock	P	2425	$2.36	Acquired	1563099	Direct
2016-05-31	Common Stock	P	15700	$2.59	Acquired	2104682	Indirect
2016-05-31	Common Stock	P	15700	$2.59	Acquired	1578799	Direct
2016-07-05	Common Stock	P	1000	$2.23	Acquired	2105682	Indirect
2016-07-05	Common Stock	P	1000	$2.23	Acquired	1579799	Direct
2016-07-29	Common Stock	P	7000	$2.30	Acquired	2112682	Indirect
2016-07-29	Common Stock	P	7000	$2.30	Acquired	1586799	Direct
2016-08-04	Common Stock	P	100	$2.32	Acquired	2112782	Indirect
2016-08-04	Common Stock	P	100	$2.32	Acquired	1586899	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	192666	Direct
Common Stock	166666	Direct

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.

F5: The reported securities are directly owned by Morgan C. Frank in his personal capacity.