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 *

Johnson Bankole A.
2. Issuer Name and Ticker or Trading Symbol

ADIAL PHARMACEUTICALS, INC. [ ADIL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Medical Officer
(Last)          (First)          (Middle)

1001 RESEARCH PARK BLVD., SUITE 100
3. Date of Earliest Transaction (MM/DD/YYYY)

3/28/2019
(Street)

CHARLOTTESVILLE, VA 22911
(City)        (State)        (Zip)
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

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
Common Stock   3/28/2019     P    40000   A $3.1452   314768   D    
Common Stock   3/29/2019     P    30000   A $3.4718   344768   D    
Common Stock   3/29/2019     P    2500   A $3.4676   347268   D    
Common Stock   3/29/2019     P    600   A $3.2967   347868   D    
Common Stock                  40463   I   Medico-Trans Company, LLC   (1)
Common Stock                  848336   I   En Fideicomiso De Mi Vida 11/23/2010 (Trust)   (2)
Common Stock                  93000   I   En Fidecomiso de Todos Mis Suenos Grantor Retained Annuity Trust dated June 27, 2017   (2)
Common Stock                  22320   I   En Fideicomiso De Mis Suenos 11/23/2010 (Trust)   (2)
Common Stock                  10000   I   De Mi Amor 11/23/2010 (Trust)   (2)
Common Stock                  4650   I   Efunbowale Johnson   (3)
Common Stock                  1395   I   Ade Johnson   (3)
Common Stock                  1395   I   Lola Johnson   (3)
Common Stock                  930   I   Lina Tiouririne   (3)
Common Stock                  930   I   Aida Tiouririne   (3)

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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   $5.70                      (4) 6/30/2027   Common Stock   5580     5580   D    
Stock Option   $3.01                      (5) 3/23/2029   Common Stock   250000     250000   D    
Warrant to purchase common stock   $7.63                    10/10/2017   12/31/2031   Common Stock   3275     3275   D    
Warrant to purchase common stock   $6.25                    7/31/2018   7/31/2023   Common Stock   189714     189714   D    
Warrant to purchase common stock   $5.00                    11/12/2018   7/31/2023   Common Stock   17600     17600   D    

Explanation of Responses:
(1)  Medico-Trans Company, LLC is controlled by Bankole Johnson.
(2)  Dr. Johnson is the trustee of each of these trusts.
(3)  Dr. Johnson has a voting proxy on this person's behalf that entitles him to vote these shares.
(4)  Options to buy 3,100 shares are currently exercisable with the remaining options to buy 2,480 shares vesting 1/36th (155 shares) on the first day of each month over the remaining 16 months.
(5)  Options to buy 250,000 shares vest pro rata on a monthly basis over 36 months commencing March 24, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Johnson Bankole A.
1001 RESEARCH PARK BLVD., SUITE 100
CHARLOTTESVILLE, VA 22911

X Chief Medical Officer

Signatures
/s/ Bankole Johnson 4/1/2019
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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