CAROTHERS TODD 4
4 · COUNTERPATH CORP · Filed Mar 3, 2021
Insider Transaction Report
Form 4
COUNTERPATH CORPCPAH
CAROTHERS TODD
EVP Sales & Marketing
Transactions
- Other
Common Shares
2021-03-01$3.49/sh−18,303.808$63,880→ 0 total - Other
Deferred Share Units
2021-03-01−94,824.29→ 0 total→ Common (94,824.29 underlying) - Other
Stock Options
2021-03-01$2.89/sh−50,000$144,500→ 0 totalExercise: $2.89From: 2017-12-14Exp: 2022-12-14→ Common (50,000 underlying)
Holdings
- 3,824.29
Deferred Share Units
From: 2011-07-25→ Common (1,621.6 underlying) - 2,202.6
Deferred Share Units
From: 2011-09-03→ Common (2,202.6 underlying) - 43,824.29
Deferred Share Units
From: 2018-12-14→ Common (40,000 underlying) - 18,303.808
Common Shares
- 94,824.29
Deferred Share Units
From: 2021-09-25→ Common (20,000 underlying) - 74,824.29
Deferred Share Units
From: 2020-03-23→ Common (6,000 underlying) - 50,000
Stock Options
Exercise: $2.89From: 2017-12-14Exp: 2022-12-14→ Common (50,000 underlying) - 68,824.29
Deferred Share Units
From: 2019-11-04→ Common (25,000 underlying)
Footnotes (4)
- [F1]In connection with a merger with Alianza, Inc. (the "Merger"), the common shares were acquired for $3.49 per common share and the deferred share units were cancelled in exchange for $3.49 per deferred share unit.
- [F2]Each deferred share unit is convertible into one common share of CounterPath Corporation at no additional cost. There is no expiry date. The deferred share units are fully vested.
- [F3]Each deferred share unit is convertible into one common share of CounterPath Corporation at no additional cost. There is no expiry date. The deferred share units vest one third over three years beginning on the first anniversary of the grant date.
- [F4]In connection with the Merger, the stock options were cancelled and the Reporting Person received the net amount of $3.49 less the exercise price, less any withholding for the vested options.