4//SEC Filing
Laubies Pierre 4
Accession 0001024305-19-000085
CIK 0001024305other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 5:33 PM ET
Size
6.4 KB
Accession
0001024305-19-000085
Insider Transaction Report
Form 4
COTY INC.COTY
Laubies Pierre
DirectorChief Executive Officer
Transactions
- Award
Series A-1 Preferred Stock
2019-06-19$0.10/sh+980,000$98,000→ 7,905,341 total→ Class A common stock (980,000 underlying)
Footnotes (2)
- [F1]The Series A-1 Preferred Stock vests 60% on May 10, 2022, 20% on May 10, 2023 and 20% on May 10, 2024, subject to certain vesting conditions, and expires on May 10, 2025.
- [F2]Each share of Series A-1 Preferred Stock may be exchanged for cash or shares of Class A Common Stock ("Common Stock"), at the Issuer's election, upon the earlier of (i) May 10, 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 maintains his investment of $7,500,000 in the Common Stock. The amount received upon exchange will equal, at the Issuer's election: (i) an amount in cash equal to (A) the fair market value of a share of Common Stock on the exchange date minus (B) an amount equal to the sum of $14.48, subject to adjustment (such difference, the "Preferred Net Value"), or (ii) the number of shares of Common Stock whose aggregate value, as measured by the fair market value of the Common Stock on the exchange date, is equal to the Preferred Net Value.
Documents
Issuer
COTY INC.
CIK 0001024305
Entity typeother
Related Parties
1- filerCIK 0001759195
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 5:33 PM ET
- Size
- 6.4 KB