SEC Form 4 · accession 0001019687-15-002067
PRECISION OPTICS CORPORATION, INC. · POCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Pitlor
Director · 10% Owner
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 9:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867840
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2,F1 | $0.73 | May 18, 2015 | A | 60,000 | A | — | May 18, 2025 | common stock | 60,000 | 135,903 | D |
Explanation of responses
- F1The 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.
- F2The options were granted by the Issuer as a one-time grant to compensate directors for their service on the Board of Directors.