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: 2014-08-29

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
2014-12-24	Common Stock	P	6200	$2.23	Acquired	1856877	Indirect
2014-12-24	Common Stock	P	6200	$2.23	Acquired	1330994	Direct
2014-12-29	Common Stock	P	600	$2.47	Acquired	1857477	Indirect
2014-12-29	Common Stock	P	600	$2.47	Acquired	1331594	Direct
2014-12-30	Common Stock	P	6400	$2.43	Acquired	1863877	Indirect
2014-12-30	Common Stock	P	6400	$2.43	Acquired	1337994	Direct
2014-12-30	Common Stock	P	10000	$2.41	Acquired	1873877	Indirect
2014-12-30	Common Stock	P	10000	$2.41	Acquired	1347994	Direct
2014-12-31	Common Stock	P	22600	$2.62	Acquired	1896477	Indirect
2014-12-31	Common Stock	P	22600	$2.62	Acquired	1370594	Direct
2014-12-31	Common Stock	P	8500	$2.58	Acquired	1904977	Indirect
2014-12-31	Common Stock	P	8500	$2.58	Acquired	1379094	Direct
2015-02-26	Common Stock	P	100	$2.52	Acquired	1905077	Indirect
2015-02-26	Common Stock	P	100	$2.52	Acquired	1379194	Direct
2015-03-03	Common Stock	P	500	$2.62	Acquired	1905577	Indirect
2015-03-03	Common Stock	P	500	$2.62	Acquired	1379694	Direct
2015-03-09	Common Stock	P	1000	$2.54	Acquired	1906577	Indirect
2015-03-09	Common Stock	P	1000	$2.54	Acquired	1380694	Direct
2015-03-13	Common Stock	P	18000	$2.59	Acquired	1924577	Indirect
2015-03-13	Common Stock	P	18000	$2.59	Acquired	1398694	Direct
2015-03-24	Common Stock	P	5000	$2.50	Acquired	1929577	Indirect
2015-03-24	Common Stock	P	5000	$2.50	Acquired	1403694	Direct
2015-03-25	Common Stock	P	2000	$2.61	Acquired	1931577	Indirect
2015-03-25	Common Stock	P	2000	$2.61	Acquired	1405694	Direct
2015-03-31	Common Stock	P	5000	$2.44	Acquired		Indirect
2015-03-31	Common Stock	P	5000	$2.44	Acquired	1410694	Direct
2015-04-10	Common Stock	P	3000	$2.33	Acquired	1939577	Indirect
2015-04-10	Common Stock	P	3000	$2.33	Acquired	1413694	Direct
2015-04-23	Common Stock	P	6000	$2.35	Acquired	1945577	Indirect
2015-04-23	Common Stock	P	6000	$2.35	Acquired	1419694	Direct

Footnotes

F1: Manchester Management Company, LLC, a Delaware 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 Company, LLC as a result of it having investment discretion over certain advisory accounts it manages. The reported securities may also be deemed to be indirectly beneficially owned by James E. Besser, 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 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 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.