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4//SEC Filing

Coates George J. 4

Accession 0001213900-18-017951

CIK 0000948426other
View on SEC.govCompany Profile

Filed

Dec 27, 7:00 PM ET

Accepted

Dec 28, 10:56 AM ET

Size

17.7 KB

Accession

0001213900-18-017951

Insider Transaction Report

Form 4
Period: 2018-12-26
COATES INTERNATIONAL LTD \DE\COTE
Coates George J.
DirectorPresident and CEO10% Owner
Transactions
  • Award

    Series B Preferred Stock

    2018-12-26+900,000→ 4,979,047 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (900,000,000 underlying)
  • Award

    Series B Preferred Stock

    2018-12-26+900,000→ 6,779,047 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (900,000,000 underlying)
  • Award

    Series B Preferred Stock

    2018-12-26+900,000→ 8,579,047 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (900,000,000 underlying)
  • Award

    Series B Preferred Stock

    2018-12-26+692,845→ 9,271,892 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (692,845,000 underlying)
  • Award

    Series B Preferred Stock

    2018-12-26+900,000→ 5,879,047 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (900,000,000 underlying)
  • Award

    Series B Preferred Stock

    2018-12-26+900,000→ 7,679,047 total
    Exercise: $0.00From: 2020-12-26→ Common Stock (900,000,000 underlying)
Footnotes (2)
  • [F1]There is no expiration date.
  • [F2]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 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. The anti-dilution award of Series B Convertible Preferred Stock to Mr. Coates was determined to be the number of shares of Series B required to restore Mr. Coates' ownership percentage of outstanding common stock on a pro forma basis to 80.1%, assuming all of the Series B shares were converted into common stock.

Documents

1 file

Issuer

COATES INTERNATIONAL LTD \DE\

CIK 0000948426

→
Entity typeother

Related Parties

1
  • filerCIK 0001160170

Filing Metadata

Form type
4
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 10:56 AM ET
Size
17.7 KB
View on SEC.gov