SEC Form 4 · accession 0001024305-16-000273
COTY INC. · COTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Camillo Pane
Officer — Chief Executive Officer
Period of report
Nov 23, 2016
Accepted (ET)
Nov 28, 2016 · 7:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024305
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1 | — | Nov 25, 2016 | A | 1,000,000 | A | — | Nov 25, 2023 | Class A common stock | 1,000,000 | 1,645,921 | D |
Explanation of responses
- F1Each share of Series A Preferred Stock may be exchanged for cash or shares of Class A Common Stock, at the Issuer's election, upon the earlier of (i) November 25, 2021, if Mr. Pane is employed with the Issuer; (ii) termination of Mr. Pane's employment as a result of death or disability; or (iii) a termination of Mr. Pane's employment under certain circumstances following a change of control of the Issuer, in each case, if Mr. Pane has made an aggregate investment of at least $10,000,000 in the Issuer's Class A Common Stock. The amount of cash or number of shares of Class A Common Stock, at the Issuer's election, received upon exchange will equal the difference between (i) the fair market value of the Class A Common Stock on the date that the Series A Preferred Stock is exchanged less (ii) $3.50 plus the fair market value of the Class A Common Stock on the date that the Series A Preferred Stock were purchased.