PRECISION OPTICS CORPORATION, INC. 4
4 · PRECISION OPTICS CORPORATION, INC. · Filed May 20, 2015
Insider Transaction Report
Form 4
Major Donald Andrew
Director
Transactions
- Award
Stock Option (Right to Buy)
2015-05-18+60,000→ 126,000 totalExercise: $0.73Exp: 2025-05-18→ Common Stock (60,000 underlying) - Other
Common Stock, $0.01 par value
2015-05-18+45,000→ 80,778 total
Footnotes (3)
- [F1]Securities were granted as consideration for consulting services provided by Mr. Major to the Company.
- [F2]The options vest in three installments: one-third vests immediately; one-third vests in one year on May 18, 2016; the remaining one-third vests in two years on May 18, 2017.
- [F3]The options were granted by the Issuer as a one-time grant to compensate directors for their service on the Board of Directors.