SEC FORM 4

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^*

SIMONS JAMES H

(Last)

(First)

(Middle)

RENAISSANCE TECHNOLOGIES LLC

800 THIRD AVE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
QLT INC/BC [ QLTI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnote (1)

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares⁽¹⁾	01/30/2009		S		1,000	D	$2.2425⁽²⁾⁽³⁷⁾	58,000	I	See Footnote⁽³⁾
Common Shares⁽¹⁾	01/30/2009		S		1,200	D	$2.2508⁽⁴⁾⁽³⁷⁾	180,930	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	01/30/2009		S		12,238	D	$2.2508⁽⁶⁾⁽³⁷⁾	157,052	I	See Footnote⁽⁷⁾
Common Shares⁽¹⁾	01/30/2009		S		8,400	D	$2.2487⁽⁸⁾⁽³⁷⁾	4,911,753	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	01/30/2009		P		1,100	A	$2.2559⁽¹⁰⁾⁽³⁷⁾	350,900	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/02/2009		S		900	D	$2.2372⁽¹²⁾⁽³⁷⁾	57,100	I	See Footnote⁽³⁾
Common Shares⁽¹⁾	02/02/2009		S		5,150	D	$2.2464⁽¹³⁾⁽³⁷⁾	151,902	I	See Footnote⁽⁷⁾
Common Shares⁽¹⁾	02/02/2009		S		8,000	D	$2.2398⁽¹⁴⁾⁽³⁷⁾	4,903,753	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	02/02/2009		P		1,100	A	$2.2546⁽¹⁵⁾⁽³⁷⁾	352,000	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/03/2009		S		800	D	$2.2669⁽¹⁶⁾⁽³⁷⁾	56,300	I	See Footnote⁽³⁾
Common Shares⁽¹⁾	02/03/2009		P		1,400	A	$2.3136⁽¹⁷⁾⁽³⁷⁾	182,330	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/03/2009		S		1,900	D	$2.2568⁽¹⁸⁾⁽³⁷⁾	150,002	I	See Footnote⁽⁷⁾
Common Shares⁽¹⁾	02/03/2009		P		1,000	A	$2.283⁽¹⁹⁾⁽³⁷⁾	353,000	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/04/2009		S		700	D	$2.28⁽²⁰⁾⁽³⁷⁾	55,600	I	See Footnote⁽³⁾
Common Shares⁽¹⁾	02/04/2009		P		818	A	$2.2963⁽²¹⁾⁽³⁷⁾	183,148	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/04/2009		S		2,500	D	$2.2636⁽²²⁾⁽³⁷⁾	147,502	I	See Footnote⁽⁷⁾
Common Shares⁽¹⁾	02/04/2009		S		6,700	D	$2.2746⁽²³⁾⁽³⁷⁾	4,897,053	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	02/04/2009		P		900	A	$2.2944⁽²⁴⁾⁽³⁷⁾	353,900	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/05/2009		P		2,100	A	$2.2838⁽²⁵⁾⁽³⁷⁾	185,248	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/05/2009		S		5,500	D	$2.2687⁽²⁶⁾⁽³⁷⁾	142,002	I	See Footnote⁽⁷⁾
Common Shares⁽¹⁾	02/05/2009		S		5,600	D	$2.2697⁽²⁷⁾⁽³⁷⁾	4,891,453	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	02/05/2009		P		900	A	$2.2844⁽²⁸⁾⁽³⁷⁾	354,800	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/06/2009		P		13,500	A	$2.3293⁽²⁹⁾⁽³⁷⁾	198,748	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/06/2009		S		3,500	D	$2.3121⁽³⁰⁾⁽³⁷⁾	4,887,953	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	02/06/2009		P		1,100	A	$2.3196⁽³¹⁾⁽³⁷⁾	355,900	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/09/2009		P		6,340	A	$2.3348⁽³²⁾⁽³⁷⁾	205,088	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/09/2009		S		4,700	D	$2.3117⁽³³⁾⁽³⁷⁾	4,883,253	I	See Footnote⁽⁹⁾
Common Shares⁽¹⁾	02/09/2009		P		1,100	A	$2.3318⁽³⁴⁾⁽³⁷⁾	357,000	I	See Footnote⁽¹¹⁾
Common Shares⁽¹⁾	02/10/2009		P		500	A	$2.3⁽³⁵⁾⁽³⁷⁾	205,588	I	See Footnote⁽⁵⁾
Common Shares⁽¹⁾	02/10/2009		S		8,200	D	$2.2763⁽³⁶⁾⁽³⁷⁾	197,388	I	See Footnote⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

SIMONS JAMES H

(Last)

(First)

(Middle)

RENAISSANCE TECHNOLOGIES LLC

800 THIRD AVE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnote (1)

1. Name and Address of Reporting Person^*

RENAISSANCE TECHNOLOGIES LLC

(Last)

(First)

(Middle)

800 THIRD AVE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Please see footnote (1)

Explanation of Responses:

1. This Form 4 is being filed by the undersigned as well as the entity listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons"). Neither the filing nor the execution of this statement shall be deemed an admission that either of the Reporting Persons are beneficial owners of any of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act") or that either of the Reporting Persons are obligated to file this statement under Section 16 of the Exchange Act. In any event, each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein under Section 16 to the extent above such Reporting Person's pecuniary interest therein.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.27.

3. SGAM AI Equity Fund, a fund for which Renaissance provides investment management services.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.26.

5. Deutsche Bank AG, through an institutional account managed by Renaissance.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.28.

7. Palomino Ltd., which maintains an institutional account managed by Renaissance.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.28.

9. RIEF Trading LLC, a trading subsidiary of certain Renaissance funds that is managed by Renaissance.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.235 to $2.27.

11. RIEF RMP LLC, a fund managed by Renaissance.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.245.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.24 to $2.27.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.23 to $2.26.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.24 to $2.27.

16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.24 to $2.2925.

17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.29 to $2.34.

18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.28.

19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.30.

20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.29.

21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.28 to $2.30.

22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.29.

23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.30.

24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.27 to $2.31.

25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.26 to $2.30.

26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.32.

27. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.25 to $2.31.

28. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.26 to $2.33.

29. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.20 to $2.36.

30. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.29 to $2.345.

31. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.30 to $2.335.

32. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.29 to $2.365.

33. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.29 to $2.35.

34. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.31 to $2.37.

35. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.30 to $2.30.

36. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.26 to $2.31.

37. The Reporting Persons undertake to provide to QLT Inc., any security holder of QLT Inc. or the Staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in column 4 of this Form 4 and in the footnotes herein containing transaction price ranges.

Remarks:

Because the SEC's electronic filing system does not allow for the disclosure of more than 30 transactions on one Form 4, the Reporting Person is filing 4 simultaneous Form 4's to report the reportable transactions all of which together shall be deemed a single report filed on this date. This is the 1st Form 4 of the 4 filings.

	/s/ James H. Simons	03/17/2009
	** 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.
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