IRIDEX CORP — Director's Dealing 2011

Oct 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2011-10-10

Reporting Person: Beck Dominik (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-10	Common Stock	A	75000	—	Acquired	75000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-10	Stock Option Right to Buy	$3.40	A	135000	Acquired	2018-10-10	Common Stock (135000)	Direct

Footnotes

F1: Shares are represented by restricted stock units and will vest annually with 24,999 shares vesting after one year and the remaining 50,001 shares vesting in equal installments of 16,667 shares each over the remaining three year period.

F2: This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3.

F3: The shares shall vest as follows: 12/48ths of the shares shall vest 12 months after the Vesting Commencement Date and 1/48th of the shares shall vest each month thereafter.