Sec Form 4 Filing - Stoppenhagen Eric @ DigiPath,Inc. - 2014-04-09

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
Stoppenhagen Eric
2. Issuer Name and Ticker or Trading Symbol
DigiPath,Inc. [ DIGP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO
(Last) (First) (Middle)
C/O DIGIPATH, 28720 ROADSIDE DR. #128
3. Date of Earliest Transaction (MM/DD/YY)
04/09/2014
(Street)
AGOURA HILLS, CA91301
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
Series A Convertible Preferred Stock $ 0.02 ( 1 ) 04/09/2014 P 71,864 07/09/2014( 2 ) ( 3 ) Common Stock 71,864 ( 1 ) $ 1 71,864 I ( 4 ) By Eric Paul Stoppenhagen Trust
Series A Convertible Preferred Stock $ 0.02 ( 1 ) 04/09/2014 P 27,788 07/09/2014( 2 ) ( 3 ) Common Stock 27,788 ( 1 ) $ 1 99,652 I ( 4 ) By Eric Paul Stoppenhagen Trust
Series A Convertible Preferred Stock $ 0.02 ( 1 ) 04/09/2014 P 253,649 07/09/2014( 2 ) ( 3 ) Common Stock 253,649 ( 1 ) $ 1 353,301 I ( 5 ) By Verdad Telecom, Inc.
Series A Convertible Preferred Stock $ 0.02 ( 1 ) 04/09/2014 P 46,699 07/09/2014( 2 ) ( 3 ) Common Stock 46,699 ( 1 ) $ 1 400,000 I ( 5 ) By Verdad Telcom, Inc.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Stoppenhagen Eric
C/O DIGIPATH
28720 ROADSIDE DR. #128
AGOURA HILLS, CA91301
X X CFO
Signatures
/s/ Eric Stoppenhagen 04/18/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )(1) The Series A Convertible Preferred Stock are convertible after three months from the date of issue based on a conversion formula equal to the price per share ($1.00) divided by a conversion price equal to the lesser of (A) $0.02 and (B) seventy percent (70%) of the average of the three (3) lowest daily volume weighted average prices occurring during the twenty (20) consecutive trading days immediately preceding the applicable conversion date on which the Holder elects to convert any shares of Series A Preferred Stock.
( 2 )(2) No holder is permitted to convert its shares of Series A Convertible Preferred Stock if such conversion would cause the holder to beneficially own more than 4.99% of the issued and outstanding common stock of the Issuer immediately after such conversion, unless waived by such holder by providing at least sixty-five days' notice.
( 3 )(3) The Series A Convertible Preferred Stock has no expiration date.
( 4 )(4) Eric Stoppenhagen indirectly beneficially owns each of the derivative securities listed herein by virtue of the fact that Mr. Stoppenhagen is the trustee of the Eric Paul Stoppenhagen Trust.
( 5 )(5) Eric Stoppenhagen indirectly beneficially owns each of the derivative securities listed herein by virtue of the fact that Mr. Stoppenhagen owns 100% of the issued and outstanding stock of Verdad Telecom, Inc.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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