Joseph N. Forkey - 01 Nov 2022 Form 4 Insider Report for PRECISION OPTICS CORPORATION, INC. (POCI)

Role
Chief Executive Officer, Director
Signature
/s/ Joseph N. Forkey
Issuer symbol
POCI
Transactions as of
01 Nov 2022
Transactions value $
$0
Form type
4
Filing time
29 Dec 2022, 15:44:00 UTC
Previous filing
03 Mar 2022
Next filing
27 Jan 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction POCI Stock Option (Right to Buy) Award +16,667 +10% 183,333 01 Nov 2022 Common Stock 16,667 $5.85 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Share amounts and share prices reflect a 1-for-3 reverse stock split that became effective after the close of business on 11/1/2022.
F2 The options were granted by the Issuer to compensate executive officers for their services. The options vest on a formula basis, subject to satisfaction of stated EBITDA targets and stated management objectives.