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FENNEC PHARMACEUTICALS INC. — Director's Dealing 2020
May 15, 2020
35599_dirs_2020-05-15_918fa989-471a-4475-90f2-6442bcbd72f4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FENNEC PHARMACEUTICALS INC. (FENC)
CIK: 0001211583
Period of Report: 2020-05-15
Reporting Person: Raykov Rosty (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-15 | Stock Option (right to buy) | $6.93 | A | 250000 | Acquired | 2030-05-15 | Common Shares (250000) | Direct |
Footnotes
F1: On May 15, 2020, Rosty Raykov was granted an incentive stock option to purchase 250,000 shares of the Issuer's common shares pursuant to the Issuer's Amended and Restated Stock Option Plan.
F2: 1/3 of the shares subject to this option shall vest immediately and may be exercised as of May 15, 2021 (the "Vesting Commencement Date"). 1/24 of the shares subject to this option shall vest immediately and may be exercised as of the last day of each month following the Vesting Commencement Date. As of May 15, 2023 and thereafter, 100% of the total number of shares subject to this option shall be vested.