SEC Form 4 · accession 0001683168-16-000832
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
Nov 29, 2016
Accepted (ET)
Dec 1, 2016 · 8:51 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF1 | $0.97 | Nov 29, 2016 | J | 5,587 | A | Sep 28, 2012 | Sep 28, 2017 | Common Stock | 5,587 | 211,587 | D |
Explanation of responses
- F1On November 22, 2016, the issuer sold 1,333,334 units consisting of shares of common stock and warrants in a private placement. Mr. Major purchased 19,445 warrants in a private placement on September 28, 2012 with an original exercise price of $1.25 per share. The new warrants were issued as a result of the November 2016 private placement triggering certain anti-dilution provisions in these original warrants. In connection therewith, the exercise price of the September 2012 warrants decreased to $0.97 per share accordingly.