ADIPIETRO FRANK J 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Dec 6, 2011
Insider Transaction Report
Form 4
ADIPIETRO FRANK J
Director
Transactions
- Award
Common Stock
2011-12-02+240,000→ 2,730,402 total
Footnotes (1)
- [F1]The shares represent a compensatory award which contains a restriction that the shares shall not be issued to Dr. Adipietro until April 1, 2012. In accordance with the terms of the award, the Company is required to reimburse Dr. Adipietro for any personal income taxes he incurs as a result of the grant. However, the Company is not obligated to reimburse him for any taxes he incurs related to any sale of these awarded shares of stock.