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