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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
COUNTERPATH CORP [ CPAH ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/16/2018 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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 Shares | 84,008.2572 | D | ||||||||
Common Shares | 01/16/2018 | A | 33.6443(1) | A | $8.9715(2) | 84,041.9015 | D | |||
Common Shares | 01/16/2018 | A | 29.8013(1) | A | $5.0642(2) | 84,071.7028 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Options | $13.1 | 06/12/2014(4) | 12/12/2018 | Common | 40,000 | 40,000 | D | ||||||||
Stock Options | $2.4 | 07/14/2016(4) | 07/14/2021 | Common | 40,000 | 80,000 | D | ||||||||
Stock Options | $2.89 | 12/14/2017(4) | 12/14/2022 | Common | 100,000 | 180,000 | D | ||||||||
Deferred Share Units | (3) | 12/14/2009 | (3) | Common | 16,129 | 16,129 | D | ||||||||
Deferred Share Units | (3) | 06/18/2010 | (3) | Common | 10,000 | 26,129 | D | ||||||||
Deferred Share Units | (5) | 09/27/2010 | (5) | Common | 50,000 | 76,129 | D | ||||||||
Deferred Share Units | (3) | 07/25/2011 | (3) | Common | 5,405.4 | 81,534.4 | D | ||||||||
Deferred Share Units | (3) | 07/19/2012 | (3) | Common | 3,421.6 | 84,956 | D | ||||||||
Deferred Share Units | (3) | 07/25/2013(6) | (3) | Common | 5,027.8 | 89,983.8 | D | ||||||||
Deferred Share Units | (3) | 07/11/2014(6) | (3) | Common | 12,096.8 | 102,080.6 | D | ||||||||
Deferred Share Units | (3) | 07/17/2015(6) | (3) | Common | 15,940.8 | 118,021.4 | D | ||||||||
Deferred Share Units | (3) | 07/14/2016(6) | (3) | Common | 16,152 | 134,173.4 | D | ||||||||
Deferred Share Unit | (3) | 07/14/2017(6) | (3) | Common | 26,753 | 160,926.4 | D |
Explanation of Responses: |
1. These shares were purchased through an Employee Share Purchase Plan. |
2. Canadian dollars. |
3. 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. |
4. Options vest as to 12.5% after 6 months and 1/42 per month thereafter as per company plan. |
5. Each deferred share unit is convertible into one common share of CounterPath Corporation at no additional cost. There is no expiry date. The deferred share units are fully vested. |
6. The deferred share units vest one third over three years beginning on the first anniversary of the grant date. |
/s/ Donovan Jones | 01/18/2018 | |
** 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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |