SEC Form 4 · accession 0001261380-15-000025
IRIDEX CORP · IRIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Steckel
Officer — VP, Operations
Period of report
Apr 17, 2015
Accepted (ET)
Apr 20, 2015 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001006045
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 17, 2015 | M | 625 | $3.856 | A | 32,072 | D | |
| Common Stock | Apr 17, 2015 | S | 625 | $9.8617 | D | 31,447 | D | |
| Common Stock | Apr 17, 2015 | M | 1,042 | $3.99 | A | 32,489 | D | |
| Common Stock | Apr 17, 2015 | S | 1,042 | $9.8617 | D | 31,447 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option Right to BuyF2,F3 | $3.856 | Apr 17, 2015 | M | 625 | D | Feb 1, 2013 | Jan 1, 2017 | Common Stock | 625 | 13,125 | D |
| Stock Option Right to BuyF2,F4 | $3.99 | Apr 17, 2015 | M | 1,042 | D | Apr 16, 2003 | Apr 16, 2016 | Common Stock | 1,042 | 12,500 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Selling Plan adopted by the reporting person on 12/5/14.
- F2This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3.
- F3The shares are subject to vesting according to the following schedule: 1/48th of the total number of shares vest each month.
- F4The 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.