X0306 4 2016-06-17 0 0000827809 QLT INC/BC QLTI 0001631103 Ibbott William Glen C/O QLT INC. 887 GREAT NORTHERN WAY, SUITE 250 VANCOUVER A1 V5T 4T5 BRITISH COLUMBIA, CANADA 0 1 0 0 SVP, Finance & CFO Stock Option (right to buy) 1.43 2016-06-17 4 A 0 220000 0 A 2026-06-17 Common stock 220000 220000 D Restricted Stock Units 2016-06-17 4 A 0 60000 0 A Common stock 60000 60000 D Option exercise price reflects the closing price of the Issuer's common stock on the NASDAQ Stock Market on the June 17, 2016 grant date. The options vest and become exercisable in thirty-six (36) successive and equal monthly installments from the June 17, 2016 grant date. These options were awarded pursuant to the Issuer's 2000 Incentive Stock Plan, as amended and restated (the "2000 Plan"). Each Restricted Stock Unit ("RSU") represents a right to receive one share of common stock of the Issuer upon vesting. The RSUs vest in installments, with 40,000 RSUs vesting on the first anniversary from the June 17, 2016 grant date, and the remaining 20,000 RSUs vesting on the second anniversary from the June 17, 2016 grant date. These RSUs were awarded pursuant to the 2000 Plan. The RSUs have no fixed expiration date. /s/ Dori Assaly, as Attorney-in-Fact 2016-06-21