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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
867840	Precision Optics Corporation Inc.	PEYE	Electromedical & Electrotherapeutic Apparatus (3845)	042795294

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1369119	H Peter Woodward	C/O Precision Optics Corporation, Inc. 22 East Broadway Gardner MA 01440		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-11-29	156,667	$0.60	595,680	No	4	P	Indirect	Shares held through MHW Partners, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Shares held through MHW Partners, L.P.

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Acquisiton	2016-11-29	78,333	$0.60	78,333	$0.00
Common Stock	Warrants	Acquisiton	2016-11-29	44,704	$0.00	44,704	$0.97

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
233,890	2017-10-02	2017-10-16	No	4	P	Indirect
278,594	2012-09-28	2017-09-28	No	4	J	Indirect

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options	$0.73		2025-05-18	90,000	90,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-05-18	90,000	90,000	Direct

Footnotes

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.