COTY INC. 4
4 · COTY INC. · Filed Nov 28, 2016
Insider Transaction Report
Form 4
COTY INC.COTY
Pane Camillo
EVP Category Development
Transactions
- Award
Series A Preferred Stock
2016-11-25$0.01/sh+1,000,000$10,000→ 1,645,921 totalExp: 2023-11-25→ Class A common stock (1,000,000 underlying)
Footnotes (1)
- [F1]Each share of Series A Preferred Stock may be exchanged for cash or shares of Class A Common Stock, at the Issuer's election, upon the earlier of (i) November 25, 2021, if Mr. Pane is employed with the Issuer; (ii) termination of Mr. Pane's employment as a result of death or disability; or (iii) a termination of Mr. Pane's employment under certain circumstances following a change of control of the Issuer, in each case, if Mr. Pane has made an aggregate investment of at least $10,000,000 in the Issuer's Class A Common Stock. The amount of cash or number of shares of Class A Common Stock, at the Issuer's election, received upon exchange will equal the difference between (i) the fair market value of the Class A Common Stock on the date that the Series A Preferred Stock is exchanged less (ii) $3.50 plus the fair market value of the Class A Common Stock on the date that the Series A Preferred Stock were purchased.