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- ------ U.S. SECURITIES AND EXCHANGE COMMISSION ----------------------------
FORM 4 WASHINGTON, DC 20549 OMB APPROVAL
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
[ ] CHECK BOX IF NO Expires: September 30, 1998
LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
SECTION 16. FORM 4 Section 17(a) of the Public Utility Holding Company Act of 1935 hours per response.......0.5
OR FORM 5 OBLIGATIONS or Section 30(f) of the Investment Company Act of 1940 ----------------------------
MAY CONTINUE. SEE
INSTRUCTION 1(b).
(Print or type responses)
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Issuer
Reporting Person* (Check all applicable)
Precision Optics Corporation, Inc. (POCI) [X] Director [X*] 10% Owner
Marxe Austin W. [ ] Officer (give title [ ] Other (Specify
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for below) below)
Number of Reporting Month/Year
153 East 53rd Street, 51st Floor Person (Voluntary) 11/98
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing (Check
Date of Original applicable line)
(Month/Year) [X] Form Filed by One Reporting Person
New York NY 10022 [ ] Form Filed by More than One Reporting Person
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature of
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship Form; Indirect
Date Code (Instr. 3, 4 and 5) cially Owned at Direct Benefi-
(Month/ (Instr. 8) End of Month (D) or cial
Day/ --------------------------------------- (Instr. 3 and 4) Indirect Ownership
Year) Code V Amount (A) or Price (I) (Instr. 4)
(D) (Instr. 4)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conversion 3. Transaction Date 4. Transaction Code 5. Number of Derivative 6. Date Exercisable
Security or Exercise (Month/Day/Year) (Instr. 8) Securities Acquired and Expiration
(Instr. 3) Price of (A) or Disposed of (D) Date
Derivative (Instr. 3, 4, and 5) (Month/Day/Year)
Security
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Date Expiration
----------------------------------------------- Exer- Date
Code V (A) (D) cisable
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Stock Option (to buy) $1.312 11/10/98 A 5,000 11/10/98 11/10/08
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7. Title and Amount of Underlying 8. Price of Derivative 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect
Securities Security Securities Beneficially of Derivative Beneficial
(Instr. 3 and 4) (Instr. 5) Owned at End of Month Security: Ownership
(Instr. 4) Direct (D) or (Instr. 4)
- --------------------------------- Indirect (I)
Amount or Number (Instr. 4)
Title of Shares
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Common Stock 5,000 $0.00 5,000 (D)
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Explanation of Responses:
* Mr. Marxe is deemed to be a 10% owner by virtue of his being a principal owner of MG Advisors, L.L.C. and SST Advisors, L.L.C.,
the respective investment advisers of Special Situations Private Equity Fund, L.P. and Special Situations Technology Fund, L.P.,
entities which together beneficially own more than 10% of POCI's outstanding Common Stock.
** Intentional misstatements or omissions of facts constitute December 7, 1998
Federal Criminal Violations. ------------------------------------------- --------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be Austin W. Marxe
manually signed. If space provided is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of
information contained in this form are not required to respond Page 2
unless the form displays a currently valid OMB Number. SEC 1474 (7-96)
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