PRECISION OPTICS CORPORATION, INC. — Director's Dealing 2012

Mar 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PRECISION OPTICS Corp INC (PEYE)
CIK: 0000867840
Period of Report: 2012-03-02

Reporting Person: Forkey Joseph Norman (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-02	Stock Option (Right to Buy)	$.55	J	150000	Disposed	2022-02-09	Common Stock (150000)	Direct
2012-03-02	Stock Option (Right to Buy)	$1.20	A	150000	Acquired	2022-03-02	Common Stock (150000)	Direct

Footnotes

F1: Each of the Directors and Officers to whom options were granted on February 9, 2012 agreed to cancel the options granted and accept an equal number of replacement options granted on March 2, 2012, with an exercise price of $1.20.

F2: The options shall vest in increments of 25,000 shares on the first day of each quarter, beginning on January 1, 2013, until all shares are fully vested.

F3: The options were issued as compensation for services provided to the Company.