ADIPIETRO FRANK J 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Jun 27, 2012
Insider Transaction Report
Form 4
ADIPIETRO FRANK J
Director
Transactions
- Award
Stock Options (right to buy)
2012-06-25$0.06/sh+667,000$40,020→ 827,000 totalExercise: $0.06From: 2013-06-25Exp: 2027-06-24→ Common Stock (667,000 underlying) - Award
Common Stock
2012-06-25$0.06/sh+333,333$20,000→ 3,063,735 total
Footnotes (2)
- [F1]The consideration paid consisted of cash proceeds of $10,000.00 and conversion of $10,000.00 principal amount of a promissory note issued by Coates International, Ltd. ("CIL") to Dr. Frank J. Adipietro which, by mutual agreement, was converted into these shares.
- [F2]These stock options were granted to Dr. Frank J. Adipietro pursuant to the Company's 2006 Stock Option and Incentive Plan.