Sec Form 4 Filing - MATTHEWS TERENCE H @ COUNTERPATH CORP - 2019-11-04

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
MATTHEWS TERENCE H
2. Issuer Name and Ticker or Trading Symbol
COUNTERPATH CORP [ CPAH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman
(Last) (First) (Middle)
390 MARCH ROAD, SUITE 110
3. Date of Earliest Transaction (MM/DD/YY)
11/04/2019
(Street)
KANATA, A6K2K 0G7
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 1,506,661 I Wesley Clover International Corporation ( 1 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Deferred Share Units ( 1 ) 12/14/2009 ( 1 ) Common 4,838.7 4,838.7 D
Deferred Share Units ( 1 ) 06/18/2010 ( 1 ) Common 3,000 7,838.7 D
Deferred Share Units ( 1 ) 07/25/2011 ( 1 ) Common 1,621.6 9,460.3 D
Deferred Share Units ( 1 ) 07/19/2012 ( 1 ) Common 1,539.7 11,000 D
Deferred Share Units ( 1 ) 07/25/2013 ( 1 ) Common 2,262.5 13,262.5 D
Deferred Share Units ( 1 ) 07/11/2014 ( 1 ) Common 3,427.4 16,689.9 D
Deferred Share Units ( 1 ) 07/17/2015 ( 1 ) Common 7,211.3 23,901.2 D
Deferred Share Units ( 2 ) 07/14/2016 ( 2 ) Common 15,345 39,246.2 D
Deferred Share Units ( 2 ) 07/14/2017 ( 2 ) Common 16,943 56,189.2 D
Deferred Share Units ( 2 ) 07/26/2018 ( 2 ) Common 14,459 70,648.2 D
Deferred Share Units ( 2 ) 11/04/2019 A 12,509 11/04/2019 ( 2 ) Common 12,509 ( 2 ) 83,157.2 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MATTHEWS TERENCE H
390 MARCH ROAD, SUITE 110
KANATA, A6K2K 0G7
X X Chairman
Signatures
/s/Terence Matthews 11/05/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 vest immediately.
( 2 )Dr. Matthews owns 99.999% of the issued and outstanding voting shares of Wesley Clover International Corporation.

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 N umber.