IRIDEX CORP — Director's Dealing 2013

Feb 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2013-02-05

Reporting Person: Mackaness James H (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	3000	$2.49	Acquired	5000	Direct
2013-02-05	Common Stock	S	3000	$4.7073	Disposed	2000	Direct
2013-02-06	Common Stock	M	3000	$2.49	Acquired	5000	Direct
2013-02-06	Common Stock	S	3000	$4.7073	Disposed	2000	Direct
2013-02-07	Common Stock	M	3000	$2.49	Acquired	5000	Direct
2013-02-07	Common Stock	S	3000	$4.6584	Disposed	2000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Stock Option Right to Buy	$2.49	M	3000	Disposed	2015-01-02	Common Stock (3000)	Direct
2013-02-06	Stock Option Right to Buy	$2.49	M	3000	Disposed	2015-01-02	Common Stock (3000)	Direct
2013-02-07	Stock Option Right to Buy	$2.49	M	3000	Disposed	2015-01-02	Common Stock (3000)	Direct

Footnotes

F1: The sale reported in this Form 4 was pursuant to the Reporting Person's Rule 10b5-1 Selling Plan that was effective March 12, 2012.

F2: This option was granted pursuant to IRIDEX Corporation's incentive 1998 Stock Plan and is exempt pursuant 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.