Forkey Joseph Norman 4
4 · PRECISION OPTICS Corp INC · Filed Mar 6, 2012
Insider Transaction Report
Form 4
Forkey Joseph Norman
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2012-03-02+150,000→ 184,224 totalExercise: $1.20From: 2013-01-01Exp: 2022-03-02→ Common Stock (150,000 underlying) - Other
Stock Option (Right to Buy)
2012-03-02−150,000→ 34,224 totalExercise: $0.55From: 2013-01-01Exp: 2022-02-09→ Common Stock (150,000 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 options shall vest in increments of 25,000 shares on the first day of each quarter, beginning on January 1, 2013, until all shares are fully vested.
- [F3]The options were issued as compensation for services provided to the Company.