DELCATH SYSTEMS, INC. | 2013 | FY | 3


A summary of warrant activity is as follows: 
 
 
Warrants
  
Exercise Price
per Share
  
Weighted
Average
Exercise Price
  
Weighted Average
Remaining Life
(Years)
 
 
 
  
  
  
 
Outstanding at December 31, 2010
  
2,512,934
  
$
3.44-3.60
  
$
3.51
   
2.45
 
Issued
  
             
Exercised
  
             
Expired
  
             
Outstanding at December 31, 2011
  
2,512,934
  
$
3.44-3.60
  
$
3.51
   
1.45
 
Issued
  
6,523,120
   
1.49-3.03
   
1.65
     
Exercised
  
(2,975,457
)
  
1.49-1.65
   
1.49
     
Expired
  
(418,017
)
  
1.49
   
1.49
     
Outstanding at December 31, 2012
  
5,642,580
  
$
1.20
  
$
1.20
   
2.24
 
Issued
  
9,432,000
   
0.44
   
0.44
     
Exercised
  
(202,689
)
  
1.20
   
1.20
     
Expired
  
             
Outstanding at December 31, 2013
  
14,871,891
  
$
0.16-0.44
  
$
0.34
   
3.51
 

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