4//SEC Filing
COATES INTERNATIONAL LTD \DE\ 4
Accession 0001547522-17-000064
CIK 0000948426operating
Filed
May 14, 8:00 PM ET
Accepted
May 15, 11:00 AM ET
Size
6.5 KB
Accession
0001547522-17-000064
Insider Transaction Report
Form 4
COATES GREGORY G
DirectorPresident, Technology Division
Transactions
- Award
Series B Convertible Preferred Stock
2017-05-12+204,219→ 1,678,630 totalExercise: $0.00From: 2019-05-12→ Common Stock (204,219,000 underlying)
Footnotes (3)
- [F1]The anti-dilution award to Gregory Coates was determined to be the number of shares of Series B required to maintain his ownership percentage of common stock at 6.10% of the pro forma number of shares of common stock outstanding, assuming all shares of Series B Convertible Preferred Stock are converted to common stock. This was his percentage ownership of common stock at December 31, 2002. The number of such shares issued was based on this program. This anti-dilution program does not apply to exercises of employee stock options and common stock issued pursuant to a secondary public offering of common stock. 2. There is no expiration date.
- [F2]There is no expiration date.
- [F3]Each share of Series B entitles the holder to 1,000 votes at any meeting where corporate matters are brought before the shareholders for a vote. The Series B is restricted, unregistered stock which is not convertible until the second annual anniversary after the date of issue, after which each share is freely convertible into 1,000 restricted, unregistered shares of common stock. In the event of a sale or change of control of the Corporation, the Series B shall become immediately convertible.
Documents
Issuer
COATES INTERNATIONAL LTD \DE\
CIK 0000948426
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000948426
Filing Metadata
- Form type
- 4
- Filed
- May 14, 8:00 PM ET
- Accepted
- May 15, 11:00 AM ET
- Size
- 6.5 KB