DREIMILLER JACK P 4
4 · PRECISION OPTICS Corp INC · Filed Mar 6, 2012
Insider Transaction Report
Form 4
DREIMILLER JACK P
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2012-03-02+15,000→ 15,000 totalExercise: $1.20From: 2012-03-02Exp: 2022-03-02→ Common Stock (15,000 underlying) - Other
Stock Option (Right to Buy)
2012-03-02−15,000→ 0 totalExercise: $0.55From: 2012-02-09Exp: 2022-02-09→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Each of the Directors and Officers to whom options were granted on February 9, 2012 agreed to cancel the options granted and accept an equal number of replacement options granted on March 2, 2012, with an exercise price of $1.20.
- [F2]The option was issued as compensation for services provided to the Company.
- [F3]One-third of such options (5,000 shares) vest immediately, one-third of such options (5,000 shares) vest on March 2, 2013, and one-third of such options (5,000 shares) vest on March 2, 2014.