SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HOBBS EAMONN P

(Last) (First) (Middle)
C/O DELCATH SYSTEMS, INC.
810 SEVENTH AVENUE, SUITE 3505

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DELCATH SYSTEMS INC [ DCTH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2012
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/01/2012 A 30,000 A $0 155,000 D
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Stock Option (right to buy) $4.45 03/01/2012 A 135,000 (1) 03/01/2022 Common Stock 135,000 $0 135,000 D
Explanation of Responses:
1. The option vests ratably on March 1, 2013, 2014 and 2015, subject to forfeiture in the event of certain circumstances and accelleration upon certain events
Remarks:
/s/ Barbra Keck, pursuant to a Confirming Statement Executed by Eamonn Hobbs 03/02/2012
** Signature of Reporting Person Date
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Confirming Statement





This Confirming Statement ("Statement") confirms that the undersigned,

Eamonn P. Hobbs, has authorized, directed and designated each of Barbra Keck,

Peter Graham, and Graham Miao (each a "Designee" and together, the "Designees"),

or either of them acting singly, to: (l) prepare, execute and fie for and on

behalf of the undersigned with the U.S. Securities and Exchange Commission

(the "SEC") a Form ID, including amendments thereto, enabling the undersigned

to make electronic filings with the SEC of reports required by Section 16(a)

of the Securities Exchange Act of 1934 and any rule or regulation

thereunder; and (2) prepare, execute and file for and on behalf of the

undersigned with the SEC and any stock exchange or similar authority,

all Forms 3, 4, and 5, including any amendments thereto, that the undersigned

is required to fie as an offcer and/or director of Delcath Systems, Inc.

(the "Company") in accordance with Section 16(a) of the Securities Exchange

Act of 1934 and any rule or regulation thereunder.



The authority of the Designees under this Statement shall continue

until the undersigned is no longer required to fie Forms 3, 4, and 5

with respect to the undersigned's holdings of and/or transactions in

securities of the Company, unless earlier revoked by the undersigned

in a signed writing delivered to the Designees. The undersigned acknowledges

that the Designees are not assuming, nor is the Company assuming, any of

the undersigned's responsibilties to comply with Section 16 of the Securities

Exchange Act of 1934. This Statement is not intended to be a power of attorney

as defined in the New York General Obligations Law, Article 5, Title 15,

Section 5-1501, and in the event this Statement is determined to be a power

of attorney under such statute, this Statement shall not revoke any power of

attorney previously executed by the undersigned and shall not be revoked by

any subsequent power of attorney unless such subsequent power of attorney

expressly provides that it revokes this Statement by referring to the

date and subject hereof.





Date: December 16,2011



Undersigned's Name: Eamonn P. Hobbs



Undersigned's Signature: /s/ Eamonn P. Hobbs