EVANS RICHARD W 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Dec 29, 2009
Insider Transaction Report
Form 4
EVANS RICHARD W
DirectorSecretary
Transactions
- Award
Stock Options (right to buy)
2009-12-28+50,000→ 331,410 totalExercise: $0.39Exp: 2024-12-27→ Common Stock (50,000 underlying) - Award
Convertible Promissory Note
2009-12-24$100000.00/sh+1$100,000→ 281,410 totalExercise: $0.39Exp: 2010-09-04→ Common Stock (256,410 underlying)
Footnotes (2)
- [F1]This security is a $100,000 convertible promissory note which matures on 9/4/10. At maturity, if all obligations of the Company under the promissory note are not fulfilled, then at the option of either party the note may be converted into shares of Common Stock of the Company at a conversion price of $0.39 per share.
- [F2]The stock options granted on December 28, 2009 shall vest and become exercisable on December 28, 2010.