SEC Form 4 · accession 0001019687-15-002065
PRECISION OPTICS CORPORATION, INC. · POCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Andrew Major
Officer — EVP, Corp. Development · Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 9:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867840
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | May 18, 2015 | J | 45,000 | — | A | 80,778 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3,F2 | $0.73 | May 18, 2015 | A | 60,000 | A | — | May 18, 2025 | Common Stock | 60,000 | 126,000 | D |
Explanation of responses
- F1Securities were granted as consideration for consulting services provided by Mr. Major to the Company.
- F2The options vest in three installments: one-third vests immediately; one-third vests in one year on May 18, 2016; the remaining one-third vests in two years on May 18, 2017.
- F3The options were granted by the Issuer as a one-time grant to compensate directors for their service on the Board of Directors.