Statement of Changes in Beneficial Ownership (4)
February 10 2020 - 04:16PM
Edgar (US Regulatory)
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 OF SECURITIES
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3235-0287
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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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1. Name and Address of Reporting Person
*
Karp David |
2. Issuer Name and Ticker or Trading Symbol
COUNTERPATH CORP
[
CPAH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO and President |
(Last)
(First)
(Middle)
3780 BAYRIDGE AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/5/2020 |
(Street)
VANCOUVER, A1 V7V 3J2
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares | | | | | | | | 31995.1624 | D | |
Common Shares | 2/5/2020 | | A | | 75.2785 (2) | A | $2.6568 (3) | 32070.4409 | D | |
Common Shares | 2/5/2020 | | A | | 35.5833 (2) | A | $2.8103 (3) | 32106.0242 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 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 |
Stock Options | $13.10 | | | | | | | 6/12/2014 (1) | 12/12/2018 | Common shares | 20000 | | 20000 | D | |
Stock Options | $13.10 | 12/12/2018 | | E | | | 20000 | 6/12/2014 (1) | 12/12/2018 | Common | 20000 | $13.10 | 0 | D | |
Stock Options | $2.40 | | | | | | | 7/14/2016 (1) | 7/14/2021 | Common | 20000 | | 40000 | D | |
Stock Options | $2.89 | | | | | | | 12/14/2017 (1) | 12/14/2022 | Common | 50000 | | 90000 | D | |
Deferred Share Units | (4) | | | | | | | 12/14/2009 | (4) | Common | 8065.5 (4) | | 8064.5 | D | |
Deferred Share Units | (4) | | | | | | | 6/18/2010 | (4) | Common | 5000 (4) | | 13064.5 | D | |
Deferred Share Units | (4) | | | | | | | 3/10/2011 | (4) | Common | 2202.6 (4) | | 15267.1 | D | |
Deferred Share Units | (4) | | | | | | | 7/25/2011 | (4) | Common | 5405.4 (4) | | 20672.5 | D | |
Deferred Share Units | (4) | | | | | | | 7/19/2012 | (4) | Common | 1710.8 (4) | | 22383.3 | D | |
Deferred Share Units | (4) | | | | | | | 7/25/2013 (5) | (4) | Common | 2513.9 (4) | | 24897.2 | D | |
Deferred Share Units | (4) | | | | | | | 7/11/2014 (5) | (4) | Common | 6048.4 (4) | | 30945.6 | D | |
Deferred Share Units | (4) | | | | | | | 7/17/2015 (5) | (4) | Common | 7970.4 (4) | | 38916.0 | D | |
Deferred Share Units | (4) | | | | | | | 7/14/2016 | (4) | Common | 8076.0 | | 46992.0 | D | |
Deferred Share Units | (4) | | | | | | | 7/14/2017 | (4) | Common | 13376 | | 60368 | D | |
Deferred Share Units | (4) | | | | | | | 7/26/2018 | (4) | Common | 22830.0 | | 83198.0 | D | |
Deferred Share Units | (4) | | | | | | | 12/14/2018 | (4) | Common | 40000 | | 123198 | D | |
Deferred Share Units | (4) | | | | | | | 11/4/2019 | (4) | Common | 50000 | | 173198.0 | D | |
Explanation of Responses: |
(1) | Options vest as to 12.5% after 6 months and 1/42 per month thereafter as per company plan. |
(2) | These shares were purchased through an Employee Share Purchase Plan. |
(3) | Canadian dollars. |
(4) | Each deferred share unit is convertible into one common share of CounterPath Corporation at no additional cost. There is no expiry date. Deferred share units vest as to one-third of the number granted on each of the first, second and third anniversaries of the grant date. |
(5) | The deferred share units vest one third over three years beginning on the first anniversary of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Karp David 3780 BAYRIDGE AVENUE VANCOUVER, A1 V7V 3J2 |
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| CEO and President |
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Signatures
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/s/ David Karp | | 2/10/2020 |
**Signature of Reporting Person | Date |
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