Filing Details
- Accession Number:
- 0001013762-11-001227
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-05-04 11:07:00
- Reporting Period:
- 2011-04-29
- Filing Date:
- 2011-05-04
- Accepted Time:
- 2011-05-04 11:07:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 948426 | Coates International Ltd | COTE.OB | Motor Vehicle Parts & Accessories (3714) | 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 Ceo | Yes | Yes | Yes | 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 | Disposition | 2011-04-29 | 112,395 | $0.23 | 205,782,305 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2011-05-02 | 90,710 | $0.30 | 205,691,595 | No | 5 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 5 | S | 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 Trust |
| Common Stock | 1,957,760 | Indirect | By Spouse |
Footnotes
- Mr. Coates has agreed to make a loan to the Company of the net proceeds, after deducting estimated taxes on these sales to provide new working capital. The loan will bear interest at the rate of 17% per annum and will be payable on demand. Mr. Coates will also receive additional shares of Series A Preferred Stock under anti-dilution provisions in effect.
- Net proceeds, after selling expenses amounted to $50,400.
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