Sec Form 4 Filing - MANCHESTER MANAGEMENT PR, LLC @ FENNEC PHARMACEUTICALS INC. - 2016-01-27

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
MANCHESTER MANAGEMENT PR, LLC
2. Issuer Name and Ticker or Trading Symbol
FENNEC PHARMACEUTICALS INC. [ FENC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
53 PALMERAS STREET, CARIBE PLAZA BUILDING, 6TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
01/27/2016
(Street)
SAN JUAN, PR00901
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 01/27/2016 P 4,800 A $ 1.98 2,022,157 I See footnote ( 1 ) ( 2 )
Common Stock 01/27/2016 P 4,800 A $ 1.98 1,496,274 D ( 3 )
Common Stock 192,666 D ( 4 )
Common Stock 166,666 D ( 5 )
Common Stock 01/28/2016 P 4,000 A $ 2.1 2,026,157 I See footnote ( 1 ) ( 2 )
Common Stock 01/28/2016 P 4,000 A $ 2.1 1,500,274 D ( 3 )
Common Stock 02/09/2016 P 3,000 A $ 1.67 2,029,157 I See footnote ( 1 ) ( 2 )
Common Stock 02/09/2016 P 3,000 A $ 1.67 1,503,274 D ( 3 )
Common Stock 02/10/2016 P 11,000 A $ 1.63 2,040,157 I See footnote ( 1 ) ( 2 )
Common Stock 02/10/2016 P 11,000 A $ 1.63 1,514,274 D ( 3 )
Common Stock 02/11/2016 P 10,100 A $ 1.67 2,050,257 I See footnote ( 1 ) ( 2 )
Common Stock 02/11/2016 P 10,100 A $ 1.67 1,524,374 D ( 3 )
Common Stock 04/19/2016 P 20,000 A $ 1.92 2,070,257 I See footnote ( 1 ) ( 2 )
Common Stock 04/19/2016 P 20,000 A $ 1.92 1,544,374 D ( 3 )
Common Stock 04/21/2016 P 11,000 A $ 2.02 2,081,257 I See footnote ( 1 ) ( 2 )
Common Stock 04/21/2016 P 11,000 A $ 2.02 1,555,374 D ( 3 )
Common Stock 05/19/2016 P 5,000 A $ 2.45 2,086,257 I See footnote ( 1 ) ( 2 )
Common Stock 05/19/2016 P 5,000 A $ 2.45 1,560,374 D ( 3 )
Common Stock 05/25/2016 P 300 A $ 2.45 2,086,557 I See footnote ( 1 ) ( 2 )
Common Stock 05/25/2016 P 300 A $ 2.45 1,560,674 D ( 3 )
Common Stock 05/26/2016 P 2,425 A $ 2.36 2,088,982 I See footnote ( 1 ) ( 2 )
Common Stock 05/26/2016 P 2,425 A $ 2.36 1,563,099 D ( 3 )
Common Stock 05/31/2016 P 15,700 A $ 2.59 2,104,682 I See footnote ( 1 ) ( 2 )
Common Stock 05/31/2016 P 15,700 A $ 2.59 1,578,799 D ( 3 )
Common Stock 07/05/2016 P 1,000 A $ 2.23 2,105,682 I See footnote ( 1 ) ( 2 )
Common Stock 07/05/2016 P 1,000 A $ 2.23 1,579,799 D ( 3 )
Common Stock 07/29/2016 P 7,000 A $ 2.3 2,112,682 I See footnote ( 1 ) ( 2 )
Common Stock 07/29/2016 P 7,000 A $ 2.3 1,586,799 D ( 3 )
Common Stock 08/04/2016 P 100 A $ 2.32 2,112,782 I See footnote ( 1 ) ( 2 )
Common Stock 08/04/2016 P 100 A $ 2.32 1,586,899 D ( 3 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MANCHESTER MANAGEMENT PR, LLC
53 PALMERAS STREET
CARIBE PLAZA BUILDING, 6TH FLOOR
SAN JUAN, PR00901
X
MANCHESTER MANAGEMENT CO LLC
3 WEST HILL PLACE
BOSTON, MA02114
X
Manchester Explorer, L.P.
3 WEST HILL PLACE
BOSTON, MA02114
X
BESSER JAMES E
C/O MANCHESTER MANAGEMENT PR, LLC
53 PALMERAS ST, CARIBE PLZ BLD, 6TH FL
SAN JUAN, PR00901
X
FRANK MORGAN C.
3 WEST HILL PLACE
BOSTON, MA02114
X
Signatures
Manchester Management PR, LLC, By: /s/ James E. Besser, Managing Member 03/29/2018
Signature of Reporting Person Date
Manchester Management Company, LLC, By:/s/ James E. Besser, Managing Member 03/29/2018
Signature of Reporting Person Date
Manchester Explorer, L.P., By: /s/ James E. Besser, Managing Member of the General Partner 03/29/2018
Signature of Reporting Person Date
/s/ James E. Besser 03/29/2018
Signature of Reporting Person Date
By: /s/ Morgan C. Frank 03/29/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Manchester Management PR, LLC, a Puerto Rico limited liability company, provides investment management services to private individuals and institutions, in cluding Manchester Explorer, L.P. The reported securities are indirectly beneficially owned by Manchester Management PR, LLC as a result of it having investment discretion over certain advisory accounts it manages and by Manchester Management Company, LLC as a result of it being the general partner over certain advisory accounts. The reported securities may also be deemed to be indirectly beneficially owned by James E. Besser, as the Managing Member of Manchester Management PR, LLC and as a Managing Member of Manchester Management Company, LLC, and by Morgan C. Frank, who serves as a portfolio manager and a consultant of Manchester Management Company, LLC.
( 2 )Each of the Reporting Persons disclaim beneficial ownership of the reported securities and warrants except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities and warrants for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
( 3 )The reported securities are directly owned by Manchester Explorer, L.P., a Delaware limited partnership.
( 4 )The reported securities are directly owned by James E. Besser in his personal capacity.
( 5 )The reported securities are directly owned by Morgan C. Frank in his personal capacity.

Remarks:
This is the first part of a Form 4 filing for the reporting persons. There are four parts to this Form 4 filing because of the constraint of a 30 transaction line maximum for tables in a Form 4.

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).

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