X0306 4 2016-09-13 0 0000827809 QLT INC/BC QLTI 0001370042 STONEPINE CAPITAL, L.P. 919 NW BOND STREET SUITE 204 BEND OR 97703 0 0 1 0 Common Stock 2016-09-13 4 P 0 61704 1.5423 A 5706704 D Common Stock 2016-09-14 4 P 0 56864 1.5523 A 5763568 D Common Stock 2016-09-15 4 P 0 14928 1.5500 A 5778496 D The filers (the "Filers") are Stonepine Capital, L.P. (the "Fund"), Stonepine Capital Management, LLC (the "General Partner"), Jon M. Plexico and Timothy P. Lynch. The General Partner is the general partner and investment adviser of the Fund. Mr. Plexico and Mr. Lynch are the General Partner's managers and control persons. These securities are held directly by the Fund for the benefit of its investors and are indirectly beneficially owned by the General Partner and Mr. Plexico and Mr. Lynch as the General Partner's control persons. The Fund is filing this Form 4 for itself and the other Filers. The Filers are filing this Form 4 jointly, but not as a group, and each expressly disclaims membership in a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended. Each Filer disclaims beneficial ownership of these securities except to the extent of that Filer's pecuniary interest therein. Stonepine Capital, L.P., by Stonepine Capital Management, LLC, its General Partner, by Jon M. Plexico, Manager 2016-09-15