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: DREIMILLER JACK P (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-02	Stock Option (Right to Buy)	$.55	J	15000	Disposed	2022-02-09	Common Stock (15000)	Direct
2012-03-02	Stock Option (Right to Buy)	$1.20	A	15000	Acquired	2022-03-02	Common Stock (15000)	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 option was issued as compensation for services provided to the Company.

F3: One-third of such options (5,000 shares) vest immediately, one-third of such options (5,000 shares) vest on March 2, 2013, and one-third of such options (5,000 shares) vest on March 2, 2014.