ADIPIETRO FRANK J 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Jun 22, 2012
Insider Transaction Report
Form 4
ADIPIETRO FRANK J
Director
Transactions
- Purchase
Common Stock
2012-06-20$0.06/sh+914,539$54,872→ 3,644,941 total - Award
Stock Options (right to buy)
2012-06-20+1,829,078→ 1,989,078 totalExercise: $0.06From: 2013-06-20Exp: 2027-06-19→ Common Stock (1,829,078 underlying)
Footnotes (1)
- [F1]The consideration paid consisted of the conversion of a promissory note issued by Coates International, Ltd. ("CIL") to Frank J. Adipietro, in the aggregate amount of $54,872.33, including principal and interest into the shares purchased. As a result of this transaction, the promissory note has been repaid in full satisfaction of CIL's obligation thereunder.