Sec Form 4 Filing - Karp David @ COUNTERPATH CORP - 2020-03-04

Insider filing report for Changes in Beneficial Ownership
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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
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1. Name and Address of Reporting Person
Karp David
2. Issuer Name and Ticker or Trading Symbol
COUNTERPATH CORP [ CPAH]
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/YY)
03/04/2020
(Street)
VANCOUVER, A1V7V 3J2
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 32,106.0242 D
Common Shares 03/04/2020 A 57.9072 ( 2 ) A $ 3.4538 ( 3 ) 32,163.9314 D
Common Shares 03/04/2020 A 32.0533 ( 2 ) A $ 3.1198 ( 3 ) 32,195.9847 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 (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
Stock Options $ 13.1 06/12/2014( 1 ) 12/12/2018 Common shares 20,000 20,000 D
Stock Options $ 13.1 12/12/2018 E 20,000 06/12/2014( 1 ) 12/12/2018 Common 20,000 $ 13.1 0 D
Stock Options $ 2.4 07/14/2016( 1 ) 07/14/2021 Common 20,000 40,000 D
Stock Options $ 2.89 12/14/2017( 1 ) 12/14/2022 Common 50,000 90,000 D
Deferred Share Units ( 4 ) 12/14/2009 ( 4 ) Common 8,065.5 ( 4 ) 8,064.5 D
Deferred Share Units ( 4 ) 06/18/2010 ( 4 ) Common 5,000 ( 4 ) 13,064.5 D
Deferred Share Units ( 4 ) 03/10/2011 ( 4 ) Common 2,202.6 ( 4 ) 15,267.1 D
Deferred Share Units ( 4 ) 07/25/2011 ( 4 ) Common 5,405.4 ( 4 ) 20,672.5 D
Deferred Share Units ( 4 ) 07/19/2012 ( 4 ) Common 1,710.8 ( 4 ) 22,383.3 D
Deferred Share Units ( 4 ) 07/25/2013( 5 ) ( 4 ) Common 2,513.9 ( 4 ) 24,897.2 D
Deferred Share Units ( 4 ) 07/11/2014( 5 ) ( 4 ) Common 6,048.4 ( 4 ) 30,945.6 D
Deferred Share Units ( 4 ) 07/17/2015( 5 ) ( 4 ) Common 7,970.4 ( 4 ) 38,916 D
Deferred Share Units ( 4 ) 07/14/2016 ( 4 ) Common 8,076 46,992 D
Deferred Share Units ( 4 ) 07/14/2017 ( 4 ) Common 13,376 60,368 D
Deferred Share Units ( 4 ) 07/26/2018 ( 4 ) Common 22,830 83,198 D
Deferred Share Units ( 4 ) 12/14/2018 ( 4 ) Common 40,000 123,198 D
Deferred Share Units ( 4 ) 11/04/2019 ( 4 ) Common 50,000 173,198 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Karp David
3780 BAYRIDGE AVENUE
VANCOUVER, A1V7V 3J2
CEO and President
Signatures
/s/ David Karp 03/05/2020
Signature of Reporting Person Date
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.

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