Home > Insider Trading > Filing (0001354488-12-006285)

Filing Details

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 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	2012-11-30	37,539	$0.05	224,977,176	No	4	S	Direct
Common Stock	Acquisiton	2012-12-03	400,000	$0.00	225,377,176	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	A	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	1,956,960	Indirect	By Spouse

Footnotes

Form 144 was filed on behalf of Mr. Coates in connection with the sale of these shares. Mr. Coates received net proceeds of $1,778.06. Although under no obligation to do so, Mr. Coates may agree to make these funds available to the company to be used as working capital in exchange for capital stock or as an interest-bearing loan, if deemed necessary.
These shares were awarded to George J. Coates pursuant to anti-dilution provisions which became effective on 1/1/12. Under these provisions, Mr. Coates is to be awarded one share of restricted common stock for each new share of stock issued to any individual or entity that is not a member of, or controlled by, the Coates Family. The value of these shares based on the closing price of trading in the common stock on 12/3/12, which amounted to $20,000.00, has been charged to compensation expense.