Filing Details
- Accession Number:
- 0001547522-14-000025
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-03 11:26:36
- Reporting Period:
- 2014-05-30
- Filing Date:
- 2014-06-03
- Accepted Time:
- 2014-06-03 11:26:36
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
948426 | Coates International Ltd | COTE | Engines & Turbines (3510) | 222925432 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1160170 | J. George Coates | 1811 Murray Drive Wall Township NJ 07719 | President And C Eo | No | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2014-05-30 | 12,749,162 | $0.03 | 274,510,787 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 1,165,507 | Indirect | By Self, as Trustee for The Coates Trus |
Common Stock | 1,956,960 | Indirect | By Spouse |
Footnotes
- On May 30, 2014, pursuant to a board resolution, George J. Coates and the Company mutually agreed to convert $369,726 principal amount of 17% promissory notes due to Mr. Coates into shares of common stock of the Company at the closing price per share of $0.029 per share on May 30, 2014. Accrued interest on these notes was not converted and interest on this accrued interest will continue to accrue. These promissory notes arose from cash lent to the Corporation from Mr. Coates? personal funds. Accordingly, the Company issued 12,749,162 unregistered, restricted shares of its common stock to Mr. Coates. As a result, current liabilities were reduced by $369,726 and the stockholders? deficiency was reduced by the same amount.