IRIDEX CORP — Director's Dealing 2015

May 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRIDEX CORP (IRIX)
CIK: 0001006045
Period of Report: 2015-05-20

Reporting Person: Mackaness James H (CFO and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-20	Common Stock	M	2000	$.90	Acquired	44000	Direct
2015-05-20	Common Stock	S	2000	$9.8045	Disposed	42000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-20	Stock Option Right to Buy	$.90	M	2000	Disposed	2015-12-11	Common Stock (2000)	Direct

Footnotes

F1: The sales price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold, ranging from $9.75 to $9.87 per share. Upon request by the Commission staff, the Issuer, or a security holder of Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

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

F3: Shares subject to the option are fully vested and exercisable.