4//SEC Filing
Coates George J. 4
Accession 0001213900-19-025292
CIK 0000948426other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 1:04 PM ET
Size
6.4 KB
Accession
0001213900-19-025292
Insider Transaction Report
Form 4
Coates George J.
DirectorPresident and CEO10% Owner
Transactions
- Award
Series B Convertible Preferred Stock
2019-12-02+69,120→ 18,214,786 totalExercise: $0.00From: 2021-12-02→ Common Stock (69,120,000 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
Issuer
COATES INTERNATIONAL LTD
CIK 0000948426
Entity typeother
Related Parties
1- filerCIK 0001160170
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 1:04 PM ET
- Size
- 6.4 KB