0001683168-16-000830.txt : 20161201
0001683168-16-000830.hdr.sgml : 20161201
20161201171304
ACCESSION NUMBER: 0001683168-16-000830
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161129
FILED AS OF DATE: 20161201
DATE AS OF CHANGE: 20161201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PRECISION OPTICS CORPORATION, INC.
CENTRAL INDEX KEY: 0000867840
STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845]
IRS NUMBER: 042795294
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 22 EAST BROADWAY
CITY: GARDNER
STATE: MA
ZIP: 01440
BUSINESS PHONE: 978-630-1800
MAIL ADDRESS:
STREET 1: 22 EAST BROADWAY
CITY: GARDNER
STATE: MA
ZIP: 01440
FORMER COMPANY:
FORMER CONFORMED NAME: PRECISION OPTICS Corp INC
DATE OF NAME CHANGE: 20111027
FORMER COMPANY:
FORMER CONFORMED NAME: PRECISION OPTICS CORPORATION INC
DATE OF NAME CHANGE: 19930328
FORMER COMPANY:
FORMER CONFORMED NAME: PRECISION OPTICS CORP INC
DATE OF NAME CHANGE: 19600201
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Woodward Peter H
CENTRAL INDEX KEY: 0001369119
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10647
FILM NUMBER: 162029087
MAIL ADDRESS:
STREET 1: 30 WEST 63RD STREET, SUITE 18G
CITY: NEW YORK
STATE: NY
ZIP: 10023
4
1
woodward_frm4.xml
FORM 4
X0306
4
2016-11-29
0
0000867840
PRECISION OPTICS CORPORATION, INC.
PEYE
0001369119
Woodward Peter H
C/O PRECISION OPTICS CORPORATION, INC.
22 EAST BROADWAY
GARDNER
MA
01440
1
0
0
0
Common Stock
2016-11-29
4
P
0
156667
0.60
A
595680
I
Shares held through MHW Partners, L.P.
Warrants
2016-11-29
4
P
0
78333
0.60
A
2017-10-02
2017-10-16
Common Stock
78333
233890
I
Warrants held through MHW Partners, L.P.
Warrants
0.97
2016-11-29
4
J
0
44704
0
A
2012-09-28
2017-09-28
Common Stock
44704
278594
I
Warrants held through MHW Partners, L.P.
Stock Options
0.73
2025-05-18
Common Stock
90000
90000
D
The shares are held in the name of MHW Partners, L.P. Mr. Woodward is the managing member and general partner of MHW Partners, L.P. Mr. Woodward disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the shares.
The 156,667 shares and warrants to purchase 78,333 shares of common stock were purchased in a private placement at a price of $0.60 per unit. Each unit consisted of one share of common stock and one warrant to purchase one half of one share of common stock (50% warrant coverage).
The warrant exercise price is variable and depends on the Issuer's achievement of two financial performance criteria in fiscal year 2017. The warrant exercise price will be $0.40 per share, $0.20 per share or $0.01 per share if both, one or neither performance criteria are met, respectively.
These warrants were issued as a result of triggering certain anti-dilution provisions in the original warrants in conjunction with the private placement. In connection therewith, the exercise price of the warrants decreased to $0.97 per share accordingly.
The options vest in three installments: one-third vests immediately; one-third vests in one year on May 18, 2016; remaining one-third vests in two years on May 18, 2017.
/s/ Joseph Forkey as attorney-in-fact
2016-12-01