X0306 4 2013-02-12 0 0000867840 PRECISION OPTICS Corp INC PEYE 0001044321 MARXE AUSTIN W & GREENHOUSE DAVID M C/O SPECIAL SITUATIONS FUNDS 527 MADISON AVENUE, SUITE 2600 NEW YORK NY 10022 0 0 1 0 Common Stock 2013-02-12 4 J 0 350000 0.5 A 1269213 I By Limited Partnerships Warrants 1.5 2013-02-12 4 J 0 350000 0 A 2013-02-12 2016-02-12 Common Stock 350000 350000 I By Limited Partnerships Warrants 1.18 2013-02-12 4 J 0 7260000 0 A 2008-06-26 2017-05-11 Common Stock 430663 7260000 I By Limited Partnerships This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (QP), Special Situations Cayman Fund, L.P. (Cayman) and Special Situations Private Equity Fund, L.P. (PE). 934,212 shares of Common Stock are held by QP, 1 share of Common Stock is held by Cayman and 335,000 shares of Common Stock are held by PE. The interest of Marxe and Greenhouse in the shares of Common Stock owned by QP, Cayman and PE is limited to the extent of his pecuniary interest. Failure to comply with Registration Rights Agreements dated February 1, 2007 and June 25, 2008, resulted in a claim for liquidated damages. On February 12, 2012 the Reporting Persons entered into a Settlement Agreement with the Issuer to satisfy such damages. This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (QP) and Special Situations Private Equity Fund, L.P. (PE). QP and PE each hold 175,000 Wts. The interest of Marxe and Greenhouse in of the Warrants owned by QP and PE is limited to the extent of his pecuniary interest. Per the Terms of the Registration Rights Agreement Dated June 25, 2008, the Warrants due to expire on June 26, 2015 have been extended to May 11, 2017. This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (QP) and Special Situations Private Equity Fund, L.P. (PE). QP and PE each hold 3,630,000 Wts. The interest of Marxe and Greenhouse in the Warrants owned by QP and PE is limited to the extent of his pecuniary interest. Austin W. Marxe 2013-02-14 David M. Greenhouse 2013-02-14