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).
1. Name and Address of Reporting Person*
Mancuso Antonella
(Last) (First) (Middle)
VIALE GB STUCCHI 110
(Street)
MONZA L6 20900
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PATHEON INC [ PTI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Glbl Commercial Ops
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2013
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
Restricted Voting Shares 04/03/2013 M 49,748 A $3.2(1) 49,748 D
Restricted Voting Shares 04/03/2013 M 50,000 A $2.54(2) 99,748 D
Restricted Voting Shares 04/03/2013 M 42,000 A $2.55(3) 141,748 D
Restricted Voting Shares 04/03/2013 M 45,600 A $2.56(4) 187,348 D
Restricted Voting Shares 04/03/2013 M 13,250 A $1.82(5) 200,598 D
Restricted Voting Shares 04/03/2013 S 200,598 D $4.09(6) 0 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
Employee Stock Option (right to buy) $3.2(1) 04/03/2013 M 49,748 (7) 01/21/2015 Restricted Voting Shares 49,748 $0 0 D
Employee Stock Option (right to buy) $2.54(2) 04/03/2013 M 50,000 (8) 10/26/2016 Restricted Voting Shares 50,000 $0 0 D
Employee Stock Option (right to buy) $2.55(3) 04/03/2013 M 42,000 (9) 03/17/2020 Restricted Voting Shares 42,000 $0 28,000 D
Employee Stock Option (right to buy) $2.56(4) 04/03/2013 M 45,600 (10) 06/15/2020 Restricted Voting Shares 45,600 $0 68,400 D
Employee Stock Option (right to buy) $1.82(5) 04/03/2013 M 13,250 (11) 03/13/2020 Restricted Voting Shares 13,250 $0 53,002 D
Explanation of Responses:
1. The exercise price was converted from C$3.25 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
2. The exercise price was converted from C$2.58 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
3. The exercise price was converted from C$2.59 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
4. The exercise price was converted from C$2.60 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
5. The exercise price was converted from C$1.85 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
6. The sale price was converted from C$4.15 based on the April 3, 2013 closing rate of exchange of 1.0143 Canadian dollars per U.S. dollars as quoted by Reuters.
7. The option vested in three equal annual installments on January 21, 2009, January 21, 2010 and January 21, 2011.
8. The option vested in three equal annual installments on October 26, 2010, October 26, 2011 and October 26, 2012.
9. The option vests in five equal annual installments on March 17, 2011, March 17, 2012, March 17, 2013, March 17, 2014 and March 17, 2015.
10. The option vests in five equal annual installments on June 15, 2011, June 15, 2012, June 15, 2013, June 15, 2014 and June 15, 2015.
11. The option vests in five equal annual installments on March 14, 2013, March 14, 2014, March 14, 2015, March 14, 2016 and March 14, 2017.
/s/ David S Field, Attorney-in-fact 04/05/2013
** 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).
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