SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Peet Greg

(Last)

(First)

(Middle)

2535 CRESCENT DRIVE

(Street)

SURREY

V4A 3J9

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2008

3. Issuer Name and Ticker or Trading Symbol
ANGIOTECH PHARMACEUTICALS INC [ ANPI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	40,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Awards	11/01/2005⁽¹⁾	10/11/2010	Common Stock	10,000	$15.51	D
Awards	01/01/2006⁽²⁾	11/30/2010	Common Stock	5,000	$17.11	D
Awards	07/01/2006⁽³⁾	06/07/2011	Common Stock	5,000	$14.86	D
Awards	01/01/2007⁽⁴⁾	11/30/2011	Common Stock	5,000	$10.01	D
Awards	07/01/2007⁽⁵⁾	06/17/2012	Common Stock	5,000	$7.73	D
Awards	01/01/2008⁽⁶⁾	11/30/2012	Common Stock	5,000	$3.96	D

Explanation of Responses:

1. The option is currently exercisable as to all 10000 shares. The option became exercisable on 11/1/2005 having vested in 24 equal installments over two years with the last installment vesting on 10/1/2007.

2. The option is currently exercisable as to all 5000 shares. The option became exercisable on 1/1/2006 having vested in 24 equal installments over two years with the last installment vesting on 12/1/2007.

3. The option is currently exercisable as to 4375 shares. The option became exercisable on 7/1/2006 and will continue to vest with respect to the remaining 625 shares in equal installments on a monthly basis until 6/1/2008.

4. The option is currently exercisable as to 3125 shares. The option became exercisable on 1/1/2007 and will continue to vest with respect to the remaining 1875 shares in equal installments on a monthly basis until 12/1/2008.

5. The option is currently exercisable as to 1875 shares. The option became exercisable on 7/1/2007 and will continue to vest with respect to the remaining 3125 shares in equal installments on a monthly basis until 6/1/2009.

6. The option is currently exercisable as to 625 shares. The option became exercisable on 1/1/2008 and will continue to vest with respect to the remaining 4375 shares in equal installments on a monthly basis until 12/1/2009.

Remarks:

All Conversion or Exercise Prices are in Canadian funds.

	/s/ David M. Hall as attorney-in-fact for Gregory J. Peet	04/10/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.