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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Orser Cindy Sue
2. Issuer Name and Ticker or Trading Symbol

Digipath, Inc. [ DIGP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

4507 APPLE WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

1/7/2019
(Street)

BOULDER, CO 80301
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to buy) $0.13 1/7/2019  A   500,000     (1)1/7/2029 Common Stock 500,000 $0 500,000 D  
Stock Option (Right to buy) (2)$0.4 1/7/2019  D     200,000  6/1/2015 6/1/2025 Common Stock 200,000  (2)200,000 D  
Stock Option (Right to buy) (3)$0.27 1/7/2019  D     100,000  11/29/2017 11/29/2027 Common Stock 100,000  (3)100,000 D  
Stock Option (Right to buy) (2)$0.13 1/7/2019  A   200,000    1/7/2019 6/1/2025 Common Stock 200,000  (2)200,000 D  
Stock Option (Right to buy) (3)$0.13 1/7/2019  A   100,000    1/7/2019 11/29/2027 Common Stock 100,000  (3)100,000 D  

Explanation of Responses:
(1) The option vests immediately as to 125,000 shares and as to an additional 125,000 shares on each of April 7, 2019, July 7, 2019, and October 7, 2019.
(2) Reflects the amendment to an option originally issued June 1, 2015, reducing the exercise price thereof from $0.40 to $0.13, which is reported in this Form 4 as the cancellation of the original option and the grant of a replacement option with identical terms (other than the exercise price).
(3) Reflects the amendment to an option originally issued November 29, 2017, reducing the exercise price thereof from $0.27 to $0.13, which is reported in this Form 4 as the cancellation of the original option and the grant of a replacement option with identical terms (other than the exercise price).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Orser Cindy Sue
4507 APPLE WAY
BOULDER, CO 80301
X



Signatures
/s/ Cindy Sue Orser1/9/2019
**Signature of Reporting PersonDate


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).
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