0001213900-19-003309.txt : 20190228 0001213900-19-003309.hdr.sgml : 20190228 20190228144636 ACCESSION NUMBER: 0001213900-19-003309 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190227 FILED AS OF DATE: 20190228 DATE AS OF CHANGE: 20190228 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: 19642468 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 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COATES INTERNATIONAL LTD CENTRAL INDEX KEY: 0000948426 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] IRS NUMBER: 222925432 STATE OF INCORPORATION: NV 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 FORMER COMPANY: FORMER CONFORMED NAME: COATES INTERNATIONAL LTD \DE\ DATE OF NAME CHANGE: 19950724 4 1 doc4.xml PRIMARY DOCUMENT X0306 4 2019-02-27 false 0000948426 COATES INTERNATIONAL LTD COTE 0001160170 Coates George J. 1811 MURRAY DRIVE WALL TOWNSHIP NJ 07719 true true true false President and CEO Series A Preferred Stock 2019-02-27 5 A false 638500.0000 0.0000 A 654120.0000 D Series B Preferred Stock 0.0000 2019-02-27 5 A false 900000.0000 0.0000 A 2021-02-28 Common Stock 900000000.0000 13607975.0000 D Series B Preferred Stock 0.0000 2019-02-27 5 A false 900000.0000 0.0000 A 2021-02-28 Common Stock 900000000.0000 14507975.0000 D Series B Preferred Stock 0.0000 2019-02-27 5 A false 361021.0000 0.0000 A 2021-02-28 Common Stock 361021000.0000 14868996.0000 D There is no expiration date. 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. The anti-dilution award of Series B Convertible Preferred Stock to Mr. Coates was determined to be the number of shares of Series B required to restore Mr. Coates' ownership percentage of outstanding common stock on a pro forma basis to 80.1%, assuming all of the Series B shares were converted into common stock. Each issuance of new shares of common stock dilutes the voting rights percentage of George J. Coates. The board of directors has adopted a resolution authorizing the issuance of shares of Series A Preferred Stock from time-to-time , on an ongoing basis as needed, to restore his voting rights percentage to 85.7%..Each share of Series A Preferred Stock entitles the holder to 10,000 votes per share on all matters brought before the shareholders for a vote. These shares are not entitled to any dividends and have no liquidation value. /s/ George J. Coates 2019-02-28