IRIDEX CORP — Director's Dealing 2013

May 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2013-05-17

Reporting Person: ARIAS EDUARDO (Sr. VP, Global Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-17	Common Stock	M	10000	$4.31	Acquired	10000	Direct
2013-05-17	Common Stock	S	10000	$6.30	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-17	Stock Option Right to Buy	$4.31	M	10000	Disposed	2017-04-29	Common 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.