0001354488-11-001705.txt : 20110526 0001354488-11-001705.hdr.sgml : 20110526 20110526102728 ACCESSION NUMBER: 0001354488-11-001705 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110525 FILED AS OF DATE: 20110526 DATE AS OF CHANGE: 20110526 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COATES INTERNATIONAL LTD \DE\ CENTRAL INDEX KEY: 0000948426 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 222925432 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: HIGHWAY 34 & RIDGEWOOD RD CITY: WALL TOWNSHIP STATE: NJ ZIP: 07719 BUSINESS PHONE: 9084497717 MAIL ADDRESS: STREET 1: HIGHWAY 34 & RIDGWOOD ROAD CITY: WALL TOWNSHIP STATE: NJ ZIP: 07719 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Coates George J. CENTRAL INDEX KEY: 0001160170 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-33155 FILM NUMBER: 11872868 MAIL ADDRESS: STREET 1: 1811 MURRAY DRIVE CITY: WALL TOWNSHIP STATE: NJ ZIP: 07719 FORMER NAME: FORMER CONFORMED NAME: COATES GEROGE J DATE OF NAME CHANGE: 20010926 4 1 issuerdirect_section16.xml PRIMARY DOCUMENT X0303 4 2011-05-25 0 0000948426 COATES INTERNATIONAL LTD \DE\ COTE 0001160170 Coates George J. 1811 MURRAY DRIVE WALL TOWNSHIP NJ 07719 1 1 1 President and CEO Series A Preferred Stock, par value, $0.001 per share 2011-05-25 4 A 0 299 A 18628 D Series A Preferred Stock, par value, $0.001 per share 2011-05-26 4 A 0 50000 A 68628 D These shares were awarded to Mr. Coates pursuant to anti-dilution provisions in effect which are designed to ensure that the Coates family percentage of total eligible votes at all matters brought before the shareholders for a vote remains fixed. Each share of Series A Preferred Stock entitles the holder to 10,000 votes in connection with any matter brought before the shareholders for a vote. Shares of Series A Preferred Stock do not share in any dividends and have no rights to distribution of assets upon any liquidation. The board of directors awarded these shares to Mr. Coates in recognition of his efforts for structuring the proposed merger with a China-based heavy equipment manufacturer, for securing a $10 million funding commitment and as an inducement to experience dilution of his common stock as a result of the merger transaction. Each share of Series A Preferred Stock entitles the holder to 10,000 votes in connection with any matter brought before the shareholders for a vote. Shares of Series A Preferred Stock do not share in any dividends and have no rights to distribution of assets upon any liquidation. These 50,000 share will entitle Mr. Coates to 500 million additional votes on matters brought before a vote of the stockholders. As a result of this award, his voting percentage increased from 87.2% to 93.8% /s/ George J. Coates 2011-05-26