Sec Form 4 Filing - Desmarais John M @ BioRestorative Therapies, Inc. - 2017-06-23

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
Desmarais John M
2. Issuer Name and Ticker or Trading Symbol
BioRestorative Therapies, Inc. [ BRTX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
230 PARK AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
06/23/2017
(Street)
NEW YORK, NY10169
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 Stock 493,398 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
Option $ 4.4 ( 1 ) 12/01/2025 Common Stock 15,000 15,000 D
Warrant $ 5 12/17/2015 11/17/2020 Common Stock 125,000 125,000 D
Warrant $ 5 03/18/2016 03/18/2021 Common Stock 250,000 250,000 D
Warrant $ 4.5 03/18/2016 12/31/2018 Common Stock 444,444 444,444 D
Warrant $ 5 03/18/2016 12/31/2018 Common Stock 400,000 400,000 D
Option $ 3.73 ( 2 ) 06/10/2026 Common Stock 35,000 35,000 D
Warrant $ 4 06/30/2016 06/30/2021 Common Stock 40,000 40,000 I ( 3 ) Trust
Warrant $ 4 09/26/2016 09/26/2021 Common Stock 80,000 80,000 D
Warrant $ 4 02/10/2017 02/10/2022 Common Stock 21,731 21,731 D
Warrant $ 4 03/01/2017 03/01/2022 Common Stock 16,667 16,667 D
Stock Option $ 3.35 06/23/2017 A 125,000 ( 4 ) 06/23/2027 Common Stock 125,000 $ 0 125,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Desmarais John M
230 PARK AVENUE
NEW YORK, NY10169
X X
Signatures
/s/ Fred Skolnik, by power of attorney, for John M. Desmarais 06/26/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The option vests to the extent of 5,000 shares on each of December 1, 2016, 2017 and 2018.
( 2 )The option vests to the extent of 11,667 shares on each of June 10, 2016 and June 10, 2017, and 11,666 shares on June 10, 2018.
( 3 )The warrant is held by a trust established by the Reporting Person for the benefit of his immediate family. The Reporting Person serves as a trustee of the trust.
( 4 )The option is exercisable to the extent of 41,667 shares on each of June 23, 2017 and June 23, 2018, and 41,666 shares on June 23, 2019.

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).

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