Sec Form 4 Filing - FAVUS ELLIOT @ ANAVEX LIFE SCIENCES CORP. - 2015-04-02

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
FAVUS ELLIOT
2. Issuer Name and Ticker or Trading Symbol
ANAVEX LIFE SCIENCES CORP. [ AVXL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
51 W 52ND STREET, 7TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
04/02/2015
(Street)
NEW YORK, NY10019-6163
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
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 Option/Right to Buy $ 0.92 04/02/2015 A 50,000 ( 1 ) 04/02/2015( 1 ) ( 4 ) Common Stock 50,000 ( 1 ) $ 0 87,500 ( 3 ) D
Stock Option/Right to Buy $ 1.68 12/31/2015 A 4,500 ( 2 ) 12/31/2015( 2 ) ( 4 ) Common Stock 4,500 ( 2 ) $ 0 92,000 ( 3 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FAVUS ELLIOT
51 W 52ND STREET
7TH FLOOR
NEW YORK, NY10019-6163
X
Signatures
/s/Elliot Favus, M.D 02/18/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reporting person was granted options to purchase the equivalent of 50,000 shares of Common Stock. The options vest in three equal installments on April 2, 2015, April 2, 2016 and April 2, 2017. 16,667 of these options have vested as of the date of this filing. Initially, 200,000 options were granted which were adjusted to 50,000 options to reflect a 1-for-4 reverse stock split effected on October 6, 2015.
( 2 )Pursuant to the Company's current obligation to grant to Dr. Favus options to purchase 1,500 shares at the end of each fiscal quarter as compensation for service on Board Committees, an aggregate of 4,500 options were granted to Dr. Favus for quarters ended June 30, 2015, September 30, 2015 and December 31, 2015, which options vested on December 31, 2015.
( 3 )Includes options to purchase 37,500 shares of common stock at an exercise price of $1.20, to vest annually over a three year period commencing May 7, 2015, 12,500 of which have vested. Initially, 150,000 options were granted which were adjusted to 37,500 options to reflect a 1-for-4 reverse stock split effected on October 6, 2015.
( 4 )N/A

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