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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
827809	Qlt Inc	QLTI	Pharmaceutical Preparations (2834)	000000000

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1351143	Axial Capital Management, Llc	101 Park Avenue 20Th Floor New York NY 10178	No	No	Yes	No
1483841	Assouline, Eliav	C/O Axial Capital Management Llc 101 Park Avenue, 20Th Fl New York NY 10178	No	No	Yes	No
1483848	Marc Andersen	C/O Axial Capital Management Llc 101 Park Avenue, 20Th Fl New York NY 10178	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-08-29	1,725,000	$7.25	8,590,036	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2011-08-30	275,000	$7.24	8,865,036	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Footnotes

The reported securities are directly owned by certain private investment vehicles managed by Axial Capital Management LLC and may be deemed beneficially owned by Axial Capital Management LLC as the investment manager of such private investment vehicles. The reported securities also may be deemed beneficially owned by Marc Andersen and Eliav Assouline as the Managing Members of Axial Capital Management LLC. Each such Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.