Laubies Pierre 4
4 · COTY INC. · Filed Feb 4, 2019
Insider Transaction Report
Form 4
COTY INC.COTY
Laubies Pierre
DirectorChief Executive Officer
Transactions
- Award
Series A-1 Preferred Stock
2019-02-04$0.10/sh+6,925,341$692,534→ 6,925,341 totalExp: 2025-11-12→ Class A common stock (6,925,341 underlying)
Footnotes (1)
- [F1]The Series A-1 Preferred Stock vests 60% on November 12, 2021, 20% on November 12, 2022 and 20% on November 12, 2023, subject to certain vesting conditions. Each share of Series A-1 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 11, 2025, if Mr. Laubies is employed with the Issuer; (ii) termination of Mr. Laubies's employment as a result of death or disability; or (iii) a termination of Mr. Laubies's employment under certain circumstances following a change of control of the Issuer, in each case, if Mr. Laubies has made an aggregate investment of at least $20,000,000 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) $8.75, subject to adjustment.