Major Donald Andrew 4
4 · PRECISION OPTICS Corp INC · Filed Mar 6, 2012
Insider Transaction Report
Form 4
Major Donald Andrew
Director
Transactions
- Other
Stock Option (Right to Buy)
2012-03-02−20,000→ 10,000 totalExercise: $0.55From: 2012-04-01Exp: 2022-02-09→ Common Stock (20,000 underlying) - Other
Stock Option (Right to Buy)
2012-03-02−7,600→ 2,400 totalExercise: $0.55From: 2012-02-09Exp: 2022-02-09→ Common Stock (7,600 underlying) - Award
Stock Option (Right to Buy)
2012-03-02+20,000→ 22,400 totalExercise: $1.20From: 2012-04-01Exp: 2022-03-02→ Common Stock (20,000 underlying) - Award
Stock Option (Right to Buy)
2012-03-02+7,600→ 30,000 totalExercise: $1.20From: 2012-03-02Exp: 2022-03-02→ Common Stock (7,600 underlying)
Footnotes (4)
- [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 were issued as compensation for services provided to the Company.
- [F3]The options were granted by the Company to compensate non-employee directors for their prior service on the Board of Directors.
- [F4]The options vest 25%, or 5,000 shares, on the first day of each quarter, beginning on April 1, 2012 until all shares are fully vested.