Ingrid Zerbe - Jul 7, 2022 Form 4 Insider Report for IntelGenx Technologies Corp. (IGXT)

Role
Corporate Secretary
Signature
/s/ Ingrid Zerbe
Stock symbol
IGXT
Transactions as of
Jul 7, 2022
Transactions value $
$81,352
Form type
4
Date filed
7/8/2022, 04:15 PM
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGXT Common Stock, 0.00001 p.V. Other $78.2K +356K +111.45% $0.22 675K Jul 7, 2022 Direct F1
transaction IGXT Common Stock, 0.00001 p.V. Other $3.12K +10.5K +1.56% $0.30 685K Jul 7, 2022 Direct F2
holding IGXT Common Stock, 0.00001 p.V. 5.16M Jul 7, 2022 See footnote F3
holding IGXT Common Stock, 0.00001 p.V. 5.16M Jul 7, 2022 See footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IGXT 8% 2017 Convertible Debenture Other $0 -100K -100% $0.00* 0 Jul 7, 2022 Common Shares 356K $0.22 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Note: shares received in lieu of cash re-payment for 2017 Convertible Debenture at maturity June 30, 2022. Applied share price C$0.2812 per share as per indenture.
F2 Note: shares received in lieu of cash interest payment due June 30, 2022 on IGXT 2017 Convertible Debenture. Applied share price C$0.38 per share.
F3 In connection with the acquisition of IntelGenx in 2006, Ingrid Zerbe became our Corporate Secretary and Director of Finance and Administration and acquired 4,709,643.5 exchangeable Shares of our Canadian holding corporation 6544631Canada Inc., a Canadian special purpose corporation which wholly owns IntelGenx Corp. (the "Exchangeable Shares"). In June of 2009 Ms. Zerbe acquired 1,021,713 Exchangeable Shares from Joel Cohen in a private transaction. The 5,731,356.5 Exchangeable Shares are exchangeable, on a one for one basis, into shares of common stock of IntelGenx Technologies Corp. at Ms. Zerbe's discretion. As of today 573,135 exchangeable shares have been exchanged into common stock of IntelGenx Technologies Corp. Prior to exchanging the remaining Exchangeable Shares, Ms. Zerbe has the right to vote 5,158,221.5 shares of common stock which are currently held in trust on behalf of Ms. Zerbe. The common shares have not been registered for resale at this time.
F4 Note: Debenture converted for shares in lieu of cash re-payment at maturity June 30, 2022. Applied share price C$0.2812 per share as per indenture.