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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	Insider Title	Director	Officer	Large Shareholder	Other
1521096	Axial Capital Master, L.p.	C/O Axial Capital Management, Llc 101 Park Avenue, 20Th Floor 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
Common Stock	Acquisiton	2010-07-30	37,226	$5.75	5,399,557	No	4	P	Direct
Common Stock	Acquisiton	2010-08-11	85,141	$5.73	5,484,698	No	4	P	Direct
Common Stock	Acquisiton	2010-08-26	42,571	$5.70	5,527,269	No	4	P	Direct
Common Stock	Acquisiton	2010-08-27	42,571	$5.81	5,569,840	No	4	P	Direct
Common Stock	Acquisiton	2010-08-30	6,301	$5.73	5,576,141	No	4	P	Direct
Common Stock	Acquisiton	2010-08-31	60,506	$5.78	5,636,647	No	4	P	Direct
Common Stock	Acquisiton	2010-09-01	5,318	$5.76	5,641,965	No	4	P	Direct
Common Stock	Acquisiton	2010-10-29	55,471	$5.65	5,697,436	No	4	P	Direct
Common Stock	Acquisiton	2010-11-01	55,471	$5.73	5,752,907	No	4	P	Direct
Common Stock	Acquisiton	2010-11-02	34,958	$5.81	5,787,865	No	4	P	Direct
Common Stock	Acquisiton	2010-11-03	2,217	$5.63	5,790,082	No	4	P	Direct
Common Stock	Acquisiton	2010-11-08	3,667	$5.63	5,793,749	No	4	P	Direct
Common Stock	Acquisiton	2010-11-11	61,492	$5.72	5,855,241	No	4	P	Direct
Common Stock	Acquisiton	2011-08-29	1,725,000	$7.25	7,580,241	No	4	P	Direct
Common Stock	Acquisiton	2011-08-30	271,702	$7.24	7,851,943	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Footnotes

These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on August 3, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on August 13, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on August 30, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on September 2, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on November 2, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on November 5, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on November 10, 2010.
These shares were already reported by Axial Capital Management, LLC, the investment manager of Axial Capital Master, L.P., on a Form 4 filed on December 8, 2010.