SEC Form 4 · accession 0001019687-16-006756
PRECISION OPTICS CORPORATION, INC. · POCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Andrew Major
Officer — Chief Financial Officer
Period of report
Jun 20, 2016
Accepted (ET)
Jun 22, 2016 · 6:59 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 | $0.50 | Jun 20, 2016 | A | 80,000 | A | — | Jun 20, 2026 | Common Stock | 80,000 | 206,000 | D |
Explanation of responses
- F1The options vest in three installments: 35,000 on September 20, 2016; 10,000 on June 20, 2017; 35,000 on June 20, 2018.
- F2The options were granted by the Issuer as a one-time grant to compensate Mr. Major for his acceptance of the position of Chief Financial Officer.