Titan Medical Inc. Registration statement for securities of certain foreign private issuers

Registration statement for securities of certain foreign private issuers

Related Party Transactions

Related Party Transactions

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

9.	RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2020, transactions between the Company’s directors, officers and other related parties were related to compensation matters in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

Compensation paid to Executive Officers for the three months ended March 31, 2020 amounted to $186,401 compared to $514,252 for the three months ended March 31, 2019.

	March 31, 2020					December 31, 2019

	Number of Shares		%			Number of Shares		%


John Barker		32,714		0.06			32,714		0.08
Stephen Randall		22,993		0.04			22,993		0.06
David McNally		4,167		0.01			4,167		0.01
John Schellhorn		294		0.00			294		0.00

Total		60,168		0.11			60,168		0.15

Common Shares Outstanding		54,216,877		100	%		39,907,681		100	%

10.	RELATED PARTY TRANSACTIONS

During the year ended December 31, 2019, transactions between the Company’s directors, officers and other related parties were related to compensation matters in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

Compensation paid to Executive Officers for the year ended December 31, 2019 amounted to $1,495,611 compared to $1,552,367 for the

year

ended

December 31

, 2018.


	December 31, 2019					December 31, 2018
	Number of Shares		%			Number of Shares		%
John Barker		32,714		0.08			31,714		0.15
Stephen Randall		22,993		0.06			21,643		0.10
David McNally		4,167		0.01			4,167		0.02
John Schellhorn		294		0.00			294		0.00
Bruce Wolff 1		—		—			7,610		0.03

Total		60,168		0.15			65,428		0.30

Common Shares Outstanding		39,907,681		100	%		21,675,849		100	%

1: Bruce Wolff retired as a Director effective May 29, 2019