IRIDEX CORP — Director's Dealing 2014

May 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2014-05-21

Reporting Person: Mackaness James H (CFO and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-21	Common Stock	M	1000	$.90	Acquired	3000	Direct
2014-05-21	Common Stock	S	1000	$8.7995	Disposed	2000	Direct
2014-05-21	Common Stock	M	1000	$.90	Acquired	3000	Direct
2014-05-21	Common Stock	S	1000	$8.7455	Disposed	2000	Direct
2014-05-21	Common Stock	M	1000	$.90	Acquired	3000	Direct
2014-05-21	Common Stock	S	1000	$8.6435	Disposed	2000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-21	Stock Option Right to Buy	$.90	M	3000	Disposed	2015-12-11	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 effective November 21, 2013.

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

F3: The shares are subject to vesting according to the following schedule: 1/48th of the total number of shares vest each month.