H4 to H1 and Transfer and CoS this year

Hi,

I came to US on my H4 along with my spouse who is a H1B holder during June 2014. My H1B petition was filed in April 2013 and it got approved after i came to US this June, 2013. My query is, can i apply for H1B transfer of my approved petition and then do a CoS from H4 to H1?

Yes, this can be done. The new employer can file a cap-exempt petition (aka H-1 transfer) along w/ COS for you.