X0306 4 2013-07-15 0000827809 QLT INC/BC QLTI 0001554591 Jagpal Sukhi C/O QLT INC. 887 GREAT NORTHERN WAY, SUITE 101 VANCOUVER A1 V5T 4T5 BRITISH COLUMBIA, CANADA 0 1 0 0 Chief Financial Officer Employee Stock Options (right to buy) 4.36 2013-07-15 4 A 0 100000 0 A 2023-07-15 Common Stock 100000 100000 D Option exercise price reflects the conversion of Canadian dollars to U.S. dollars based on the exchange rate in effect as of the date of grant. The option exercise price is CAD $4.54 per share, which was the closing price of the Issuer's common stock on the Toronto Stock Exchange as of the date of grant. The options vest and become exercisable in thirty-six (36) successive and equal monthly installments beginning on the one-month anniversary of the date of grant (or August 15, 2013), such that 100% of the options will be fully vested on July 15, 2016. /s/ Sukhi Jagpal 2013-07-17