Bruk Karen Form 4 COUNTERPATH / Karen Bruk 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^*

Bruk Steven

(Last) (First) (Middle)

3230 MATHERS AVENUE

(Street)

WEST VANCOUVER A1 V7V 2K5

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2017

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

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

	Form filed by One Reporting Person
X	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								58,647	D
Common Stock								95,800	I	Karen Bruk(1)
Common Shares								696,307	I	KMB Trac Two Holdings Ltd.(2)
Common Shares	05/15/2017		P		44,200	A	$1.83(3)	740,507	I(2)	KMB Trac Two Holdings Ltd.

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	$7.5							09/04/2015	09/04/2017	Common Stock	65,000		65,000	I	KMB Trac Two Holdings Ltd.(2)

1. Name and Address of Reporting Person^*

Bruk Steven

(Last) (First) (Middle)

3230 MATHERS AVENUE

(Street)

WEST VANCOUVER A1 V7V 2K5

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Bruk Karen

(Last) (First) (Middle)

3230 MATHERS AVENUE

(Street)

WEST VANCOUVER A1 V7V 2K5

(City) (State) (Zip)

Explanation of Responses:

1. Karen Bruk is the spouse of Steven Bruk.

2. Karen Bruk is also the sole shareholder of KMB Trac Two Holdings Ltd. ("KMB"). Steven Bruk and Karen Bruk exercise shared investment power over the shares of common stock held by Karen Bruk and KMB.

3. CDN$2.72 based on the Bank of Canada exchange rate of 0.7462 on December 21, 2016.

	/s/ Steven Bruk	05/17/2017
	/s/ Karen Bruk	05/17/2017
	** 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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