SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Islam Khalid

(Last) (First) (Middle)
C/O FENNEC PHARMACEUTICALS, INC.
PO BOX 13628, 68 TW ALEXANDER DRIVE

(Street)
RESEARCH TRIANGLE PARK NC 27709

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FENNEC PHARMACEUTICALS INC. [ FENC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/16/2023
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares(1) 11/16/2023 M 133,333 A $2.31 133,333 D
Common Shares(2) 11/16/2023 M 10,000 A $2.69 143,333 D
Common Shares(3) 11/16/2023 M 50,000 A $1.13 193,333 D
Common Shares(4) 11/16/2023 M 20,492 A $2.44 213,825 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Shares(5) $2.31 11/16/2023 M 133,333 04/25/2014 04/25/2024 Options 133,333 $2.31 255,492 D
Common Shares(6) $2.69 11/16/2023 M 10,000 12/31/2014 12/31/2024 Options 10,000 $2.69 245,492 D
Common Shares(7) $1.13 11/16/2023 M 50,000 12/11/2015 12/11/2025 Options 50,000 $1.13 195,492 D
Common Shares(8) $2.44 11/16/2023 M 20,492 06/09/2016 06/09/2026 Options 20,492 $2.44 175,000 D
Explanation of Responses:
1. Shares acquired through the exercise of an option contract with a strike of $2.31 and an expiration date of April 25, 2024.
2. Shares acquired through the exercise of an option contract with a strike of $2.69 and an expiration date of December 31, 2024.
3. Shares acquired through the exercise of an option contract with a strike of $1.13 and an expiration date of December 11, 2025.
4. Shares acquired through the exercise of an option contract with a strike of $2.44 and an expiration date of June 9, 2026.
5. Represents options granted on April 25, 2014, with a strike price of $2.31 and an expiration date of April 25, 2024.
6. Represents options granted on December 31, 2014, with a strike price of $2.69 and an expiration date of December 31, 2024.
7. Represents options granted on December 11, 2015, with a strike price of $1.13 and an expiration date of December 11, 2025.
8. Represents options granted on June 9, 2016, with a strike price of $2.44 and an expiration date of June 9, 2026.
/s/ Khalid Islam 11/16/2023
** 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 4 (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.