ADIPIETRO FRANK J 4
4 · COATES INTERNATIONAL LTD \DE\ · Filed Oct 16, 2012
Insider Transaction Report
Form 4
ADIPIETRO FRANK J
Director
Transactions
- Purchase
Common Stock
2012-10-12$0.10/sh+473,272$47,327→ 3,735,364 total - Purchase
Common Stock
2012-10-12$0.07/sh+384,615$25,000→ 3,262,092 total
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 $47,327.17, 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.