X0303 4 2011-05-12 1 0001096481 ANGIOTECH PHARMACEUTICALS INC ANPI 0001432055 Bailey K Thomas 1618 STATION STREET VANCOUVER A1 V6A 1B6 BRITISH COLUMBIA, CANADA 0 1 0 0 Chief Financial Officer Common Stock 2011-05-12 4 J 0 15000 1.64 D 15000 I Nelson/Bailey Revocable Trust Common Stock 2011-05-12 4 J 0 1100 1.69 D 13900 I Nelson/Bailey Revocable Trust Common Stock 2011-05-12 4 J 0 13900 1.7 D 0 I Nelson/Bailey Revocable Trust Stock Option w/Tandem SAR 1.05 2011-05-12 4 J 0 160000 0 D 2010-04-01 2015-03-07 Common Stock 160000 700000 D Stock Option w/Tandem SAR 0.27 2011-05-12 4 J 0 250000 0 D 2009-04-01 2014-03-09 Common Stock 250000 450000 D Stock Option with Tandem SAR 0.16 2011-05-12 4 J 0 250000 0 D 2009-01-01 2013-12-07 Common Stock 250000 200000 D Awards 7.65 2011-05-12 4 J 0 200000 0 D 2007-03-01 2012-02-01 Common Stock 200000 0 D Effective on May 12, 2011, all of the Company's existing common shares and options to acquire common shares were cancelled without any payment or consideration therefor, in connection with the implementation of a plan of compromise or arrangement under the Companies' Creditors Arrangement Act (Canada). /s/ David D. McMasters, Attorney-in-Fact 2011-05-16