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
2014-08-29	Common Stock	P	1666	$2.46	Acquired	1809844	Indirect
2014-08-29	Common Stock	P	1666	$2.46	Acquired	1285127	Direct
2014-10-15	Common Stock	P	500	$2.68	Acquired	1811510	Indirect
2014-10-15	Common Stock	P	500	$2.68	Acquired	1285627	Direct
2014-10-15	Common Stock	P	300	$2.69	Acquired	1811810	Indirect
2014-10-15	Common Stock	P	300	$2.69	Acquired	1285927	Direct
2014-11-07	Common Stock	P	3967	$2.56	Acquired	1815777	Indirect
2014-11-07	Common Stock	P	3967	$2.56	Acquired	1289894	Direct
2014-11-10	Common Stock	P	600	$2.72	Acquired	1816377	Indirect
2014-11-10	Common Stock	P	600	$2.72	Acquired	1290494	Direct
2014-12-03	Common Stock	P	10000	$2.50	Acquired	1826377	Indirect
2014-12-03	Common Stock	P	10000	$2.50	Acquired	1300494	Direct
2014-12-04	Common Stock	P	300	$2.76	Acquired	1826677	Indirect
2014-12-04	Common Stock	P	300	$2.76	Acquired	1300794	Direct
2014-12-08	Common Stock	P	6000	$2.68	Acquired	1832677	Indirect
2014-12-08	Common Stock	P	6000	$2.68	Acquired	1306794	Direct
2014-12-10	Common Stock	P	2000	$2.50	Acquired	1834677	Indirect
2014-12-10	Common Stock	P	2000	$2.50	Acquired	1308794	Direct
2014-12-16	Common Stock	P	7000	$2.40	Acquired	1841677	Indirect
2014-12-16	Common Stock	P	7000	$2.40	Acquired	1315794	Direct
2014-12-18	Common Stock	P	5500	$2.34	Acquired	1847177	Indirect
2014-12-18	Common Stock	P	5500	$2.34	Acquired	1321294	Direct
2014-12-19	Common Stock	P	500	$2.53	Acquired	1847677	Indirect
2014-12-19	Common Stock	P	500	$2.53	Acquired	1321794	Direct
2014-12-22	Common Stock	P	2500	$2.23	Acquired	1850177	Indirect
2014-12-22	Common Stock	P	2500	$2.23	Acquired	1324294	Direct
2014-12-23	Common Stock	P	500	$2.23	Acquired	1850677	Indirect
2014-12-23	Common Stock	P	500	$2.23	Acquired	1324794	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	192666	Direct
Common Stock	166666	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: (Footnote 1 continued) 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.

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.