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IRIDEX CORP Director's Dealing 2010

May 3, 2010

34978_dirs_2010-05-03_77d29a09-103d-4d0c-9ac0-a2f986483b4f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2010-04-29

Reporting Person: BOUTACOFF THEODORE A (Director, President, CEO and Chairman)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-04-29 Stock Option Right to Buy $4.31 A 20000 Acquired 2017-04-29 Common Stock (20000) Direct
2010-04-29 Stock Option Right to Buy $4.31 A 10000 Acquired 2017-04-29 Comomon Stock (10000) Direct

Footnotes

F1: This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3.

F2: The shares shall vest ratably over a 48 month period.

F3: The shares shall vest ratably over a 12 month period.