4//SEC Filing
Hershey Strategic Capital, LP 4
Accession 0001144204-17-040560
CIK 0000867840other
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 3:46 PM ET
Size
11.3 KB
Accession
0001144204-17-040560
Insider Transaction Report
Form 4
HERSHEY MANAGEMENT I, LLC.
10% Owner
Transactions
- Other
Warrants
2017-08-03+62,500→ 62,500 total(indirect: See Footnote)Exercise: $0.40From: 2017-10-02Exp: 2017-10-16→ Common Stock (62,500 underlying)
Holdings
- 1,460,980(indirect: See Footnote)
Common Stock
HERSHEY STRATEGIC CAPITAL GP, LLC
10% Owner
Transactions
- Other
Warrants
2017-08-03+62,500→ 62,500 total(indirect: See Footnote)Exercise: $0.40From: 2017-10-02Exp: 2017-10-16→ Common Stock (62,500 underlying)
Holdings
- 1,460,980(indirect: See Footnote)
Common Stock
Hershey Strategic Capital, LP
10% Owner
Transactions
- Other
Warrants
2017-08-03+62,500→ 62,500 total(indirect: See Footnote)Exercise: $0.40From: 2017-10-02Exp: 2017-10-16→ Common Stock (62,500 underlying)
Holdings
- 1,460,980(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]This Form 4 is being filed on behalf of Hershey Strategic Capital, LP, Hershey Management I, LLC and Hershey Strategic Capital GP, LLC. Hershey Strategic Capital, LP owns all of the 1,460,980 shares of Common Stock and 62,500 Warrants directly. Hershey Management I, LLC is the investment advisor of Hershey Strategic Capital, LP and disclaims beneficial ownership in such shares. Hershey Strategic Capital GP, LLC is the general partner of Hershey Strategic Capital, LP and disclaims beneficial ownership in such shares except to the extent of its pecuniary interest in such shares. As the investment advisor, Hershey Management I, LLC has the voting and dispositive power with respect to all of the 1,460,980 shares of Common Stock. Accordingly, the ownership form of the shares for Hershey Management I, LLC and Hershey Strategic Capital GP, LLC is indirect.
- [F2]The exercise price of the warrant is subject to reduction in the event the Issuer fails to meet certain financial benchmarks during the fiscal year ended June 30, 2017.
- [F3]The Warrants were acquired on November 22, 2016; however, pursuant to the terms of the Warrants, they are not exercisable until October 2, 2017. The Reporting Persons are filing this Form 4 at this time because the Warrants became exercisable within 60 days on August 3, 2017.
- [F4]The Warrants were acquired as part of a Unit. Each Unit consisted on one share of Common Stock and a Warrant to acquire one-half share of Common Stock. The price of each Unit was $.60
Documents
Issuer
PRECISION OPTICS CORPORATION, INC.
CIK 0000867840
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001465476
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 3:46 PM ET
- Size
- 11.3 KB