EVANS RICHARD W 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Dec 13, 2011
Insider Transaction Report
Form 4
EVANS RICHARD W
DirectorSecretary
Transactions
- Award
Common Stock
2011-12-12+1,100,000→ 2,860,087 total
Footnotes (1)
- [F1]The shares represent a compensatory award which contains a restriction that the shares shall not be issued to Dr. Evans until April 1, 2012. In accordance with the terms of the award, the Company is required to reimburse Dr. Evans 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.