4//SEC Filing
KAYE BARRY C 4
Accession 0001213900-17-013732
CIK 0000948426other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 3:09 PM ET
Size
6.8 KB
Accession
0001213900-17-013732
Insider Transaction Report
Form 4
KAYE BARRY C
DirectorTreasurer and CFO
Transactions
- Award
Series B Convertible Preferred Stock
2017-12-27+135→ 1,236 totalExercise: $0.00From: 2019-12-27→ Common Stock (135,000 underlying)
Footnotes (4)
- [F1]The anti-dilution award to Mr. Kaye was determined to be the number of shares of Series B required to maintain his ownership percentage of common stock at 0.0478% of the pro forma number of shares of common stock outstanding, assuming all shares of Series B Convertible Preferred Stock are converted to common stock. This was his weighted average percentage ownership of common stock purchased, based on the number of shares of common stock outstanding on each date he acquired additional shares of common stock. The number of such shares issued was based on this program. This anti-dilution program does not apply to exercises of employee stock options and common stock issued pursuant to a secondary public offering of common stock.
- [F2]There is no expiration date.
- [F3]Each share of Series B entitles the holder to 1,000 votes at any meeting where corporate matters are brought before the shareholders for a vote. The Series B Convertible Preferred Stock is restricted, unregistered stock which is not convertible until the second annual anniversary after the date of issue, after which each share is freely convertible into 1,000 restricted, unregistered shares of common stock. In the event of a sale or change of control of the Corporation, the Series B shall become immediately convertible.
- [F4]All share amounts have been adjusted to reflect the 1 for 200 Reverse Stock Split which was effective as of December 4, 2017.
Documents
Issuer
COATES INTERNATIONAL LTD \DE\
CIK 0000948426
Entity typeother
Related Parties
1- filerCIK 0001380633
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 3:09 PM ET
- Size
- 6.8 KB