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
2016-08-23	Common Stock	P	400	$2.14	Acquired	2113182	Indirect
2016-08-23	Common Stock	P	400	$2.14	Acquired	1587299	Direct
2016-08-31	Common Stock	P	1600	$2.12	Acquired	2114782	Indirect
2016-08-31	Common Stock	P	1600	$2.12	Acquired	1588899	Direct
2016-08-31	Common Stock	P	11100	$2.01	Acquired	2125882	Indirect
2016-08-31	Common Stock	P	11100	$2.01	Acquired	1599999	Direct
2016-09-21	Common Stock	P	100	$2.11	Acquired	2125982	Indirect
2016-09-21	Common Stock	P	100	$2.11	Acquired	1600099	Direct
2016-09-29	Common Stock	P	7000	$2.06	Acquired	2132982	Indirect
2016-09-29	Common Stock	P	7000	$2.06	Acquired	1607099	Direct
2016-09-30	Common Stock	P	5000	$2.09	Acquired	2137982	Indirect
2016-09-30	Common Stock	P	5000	$2.09	Acquired	1612099	Direct
2016-10-28	Common Stock	P	1000	$2.04	Acquired	2138982	Indirect
2016-10-28	Common Stock	P	1000	$2.04	Acquired	1613099	Direct
2016-11-03	Common Stock	P	1000	$2.02	Acquired	2139982	Indirect
2016-11-03	Common Stock	P	1000	$2.02	Acquired	1614099	Direct
2016-11-15	Common Stock	P	2000	$1.87	Acquired	2141982	Indirect
2016-11-15	Common Stock	P	2000	$1.87	Acquired	1616099	Direct
2016-12-16	Common Stock	P	5000	$2.00	Acquired	2146982	Indirect
2016-12-16	Common Stock	P	5000	$2.00	Acquired	1621099	Direct
2016-12-28	Common Stock	P	9500	$1.88	Acquired	2156482	Indirect
2016-12-28	Common Stock	P	9500	$1.88	Acquired	1630599	Direct
2016-12-29	Common Stock	P	2000	$2.21	Acquired	2158482	Indirect
2016-12-29	Common Stock	P	2000	$2.21	Acquired	1632599	Direct
2016-12-29	Common Stock	P	2000	$1.97	Acquired	2160482	Indirect
2016-12-29	Common Stock	P	2000	$1.97	Acquired	1634599	Direct
2016-12-30	Common Stock	P	100	$2.34	Acquired	2160582	Indirect
2016-12-30	Common Stock	P	100	$2.34	Acquired	1634699	Direct
2016-12-30	Common Stock	P	200	$2.13	Acquired	2160782	Indirect
2016-12-30	Common Stock	P	200	$2.13	Acquired	1634899	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.