Larry Timlick Form 4 COUNTERPATH / Larry Timlick ownership change

SEC Form 4

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^*

Timlick Larry

(Last) (First) (Middle)

4750 THE GLEN

(Street)

WEST VANCOUVER A1 V7S 3C3

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COUNTERPATH CORP [ CPAH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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								11,000	D
Common Shares	01/13/2020		S		10,000	D	$7.18(2)	1,000	D
Common Shares	01/13/2020		S		1,000	D	$6.129(2)	0	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 (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
Warrants	$0.75							09/04/2015	09/04/2017	Common Shares	5,000		5,000	D
Warrants	$0.75	09/04/2017		E			5,000	09/04/2015	09/04/2017	Common	5,000	$0.75	0	D
Deferred Share Units	(1)							12/14/2009	(1)	Common Shares	3,225.8		3,225.8	D
Deferred Share Units	(1)							06/18/2010	(1)	Common Shares	2,000		5,225.8	D
Deferred Share Units	(1)							07/25/2011	(1)	Common Shares	1,081.1		6,306.9	D
Deferred Share Units	(1)							07/19/2012	(1)	Common Shares	1,026.5		7,333.4	D
Deferred Share Units	(1)							07/25/2013	(1)	Common Shares	1,885.4		9,218.8	D
Deferred Share Units	(1)							07/11/2014	(1)	Common Shares	2,822.6		12,041.4	D
Deferred Share Units	(1)							07/17/2015	(1)	Common Shares	6,072.7		18,114.1	D
Deferred Share Units	(1)							07/14/2016	(1)	Common	12,922		31,036.1	D
Deferred Share Units	(1)							07/14/2017	(1)	Common	14,268		45,304.1	D
Deferred Share Units	(1)							07/26/2018	(1)	Common	12,176		57,480.1	D
Deferred Share Units	(1)							11/04/2019	(1)	Common	16,679		74,159.1	D

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.

2. Canadian dollars.

	/s/ Larry Timlick	01/14/2020
	** 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.
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