SEC Form 4 · accession 0001261380-16-000074
IRIDEX CORP · IRIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Steckel
Officer — VP, Operations
Period of report
Mar 8, 2016
Accepted (ET)
Mar 9, 2016 · 7:25 pm EST
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 | Mar 8, 2016 | M | 6,250 | $3.99 | A | 75,125 | D | |
| Common Stock | Mar 8, 2016 | S | 6,250 | $10.4481 | D | 68,875 | D | |
| Common Stock | Mar 8, 2016 | M | 3,750 | $3.856 | D | 72,625 | D | |
| Common Stock | Mar 8, 2016 | S | 3,750 | $10.4481 | D | 68,875 | D | |
| Common StockF1 | Mar 8, 2016 | S | 2,000 | $10.4625 | D | 66,875 | 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 | $3.99 | Mar 8, 2016 | M | 6,250 | D | Apr 16, 2013 | Apr 16, 2019 | Common Stock | 6,250 | 2,083 | D |
| Stock Option Right to BuyF2,F4 | $3.856 | Mar 8, 2016 | M | 3,750 | D | Feb 1, 2013 | Jan 1, 2017 | Common Stock | 3,750 | 6,250 | D |
Explanation of responses
- F1The sales price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold, ranging from $10.44 to $10.49 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.
- F2This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3.
- F3The 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.
- F4The shares are subject to vesting according to the following schedule: 1/48th of the total number of shares vest each month.