Original: The ancient (cohort Belemnoidea) and modern (cohort Neocoleoidea) coleoids, as well as the ammonoids, all diverged from the external shelled nautiloid during the middle Paleozoic Era, between 450 and 300 million years ago, although the coleoids may be polyphyletic.
Simplified: The ancient (cohort Belemnoidea) and modern (cohort Neocoleoidea) coleoids, as well as the ammonoids, all diverged from the external shelled nautiloid during the middle Paleozoic Era, between 450 and 300 million years ago.