SUCHAR MICHAEL J 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Mar 2, 2010
Insider Transaction Report
Form 4
SUCHAR MICHAEL J
Director
Transactions
- Other
10% Convertible Subordinated Note
2010-03-02−22,222→ 22,222 totalExercise: $0.45Exp: 2010-03-31→ Common Stock (22,222 underlying)
Footnotes (2)
- [F1]The Convertible Subordinated Note earns interest at the annual rate of 10% and is convertible into shares of the Company's common stock at a conversion rate of $0.45 per share. The maturity date of the remaining $10,000 principal amount of this convertible promissory note has been extended by mutual consent to March 31, 2010.
- [F2]Disposition of $10,000 principal amount of this convertible promissory note occurred upon repayment of the principal and interest due with respect to that portion of the note.