-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SE0go5JMV60bnmioor26z7aPeKTVxpjsqJHnWgUTk9BklDplyptOEcCsJKRFRZyk
 x8MFMoue/46Mo8fdTD55gA==

<SEC-DOCUMENT>0001209191-10-030399.txt : 20100525
<SEC-HEADER>0001209191-10-030399.hdr.sgml : 20100525
<ACCEPTANCE-DATETIME>20100525214830
ACCESSION NUMBER:		0001209191-10-030399
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100521
FILED AS OF DATE:		20100525
DATE AS OF CHANGE:		20100525

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CROSSGROVE PETER A
		CENTRAL INDEX KEY:			0001278522

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17082
		FILM NUMBER:		10858216

	MAIL ADDRESS:	
		STREET 1:		C/O BINGO.COM, INC.
		STREET 2:		1405-1166 ALBERNI SR
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3Z3

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QLT INC/BC
		CENTRAL INDEX KEY:			0000827809
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		887 GREAT NORTHERN WAY
		STREET 2:		-
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V5T 4T5
		BUSINESS PHONE:		6047077000

	MAIL ADDRESS:	
		STREET 1:		887 GREAT NORTHERN WAY
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V5T 4T5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QLT PHOTO THERAPEUTICS INC
		DATE OF NAME CHANGE:	19960618

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUADRA LOGIC TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19941201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c01697_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-05-21</periodOfReport>

    <issuer>
        <issuerCik>0000827809</issuerCik>
        <issuerName>QLT INC/BC</issuerName>
        <issuerTradingSymbol>QLTI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001278522</rptOwnerCik>
            <rptOwnerName>CROSSGROVE PETER A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O QLT INC.</rptOwnerStreet1>
            <rptOwnerStreet2>887 GREAT NORTHERN WAY, SUITE 101</rptOwnerStreet2>
            <rptOwnerCity>VANCOUVER</rptOwnerCity>
            <rptOwnerState>A1</rptOwnerState>
            <rptOwnerZipCode>V5T 4T5</rptOwnerZipCode>
            <rptOwnerStateDescription>BRITISH COLUMBIA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Phantom Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2010-05-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>45000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Deferred stock units, which are payable only in cash.</footnote>
        <footnote id="F2">Each deferred stock unit is the economic equivalent of one share of common stock of the Issuer.</footnote>
        <footnote id="F3">The deferred stock units vest in thirty-six (36) successive and equal monthly installments measured from May 21, 2010, such that 100% of the deferred stock units will be fully vested on May 21, 2013.</footnote>
        <footnote id="F4">The deferred stock units have no fixed expiration date.   Any vested deferred stock units are payable in cash upon the Reporting Person's departure from the Board of Directors of the Issuer, with any unvested deferred stock units expiring on such date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Dori Assaly, Attorney-in-Fact for Peter A. Crossgrove</signatureName>
        <signatureDate>2010-05-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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