IRIDEX CORP — Director's Dealing 2010

Sep 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2010-09-28

Reporting Person: BlueLine Catalyst Fund IX, L.P. (10% Owner)
Reporting Person: BlueLine Capital Partners, L.P. (10% Owner)
Reporting Person: BlueLine Partners II, LLC (10% Owner)
Reporting Person: BlueLine Capital Partners III, LP (10% Owner)
Reporting Person: BlueLine Partners, L.L.C. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-28	COMMON STOCK	P	7093	$3.12	Disposed	2515193	Direct
2010-09-30	COMMON STOCK	P	15101	$3.31	Disposed	2530294	Direct

Footnotes

F1: As described in Amendment No. 4 to Schedule 13D ("Amendment No. 4") filed on October 25, 2007 with respect to the securities owned by BlueLine Capital Partners, L.P., BlueLine Capital Partners II, L.P., BlueLine Capital Partners III, L.P., BlueLine Catalyst Fund VIII, L.P., BlueLine Catalyst Fund IX, L.P., BlueLine Partners, L.L.C., and BlueLine Partners II, L.L.C., as of the date of Amendment No. 4, the Reporting Entities may have been deemed to be a "group" under Section 13(d) of the Securities Exchange Act and accordingly each Reporting Entity may have been deemed to have beneficial ownership of 10% or more of the securities.

The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any Reporting Person is the beneficial owner of any Common Stock covered by this statement.