SEC Form 4 · accession 0001261380-16-000099
IRIDEX CORP · IRIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Atabak Mokari
Officer — CFO and VP Corp Development
Period of report
Jul 27, 2016
Accepted (ET)
Jul 29, 2016 · 6:47 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 StockF1 | Jul 27, 2016 | A | 25,000 | $0.00 | A | 25,000 | D | |
| Common StockF2 | Jul 27, 2016 | A | 40,000 | $0.00 | A | 65,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares are represented by restricted stock units and will vest over a period of 48 months with 1/4 of the total number of units subject to vesting on the first anniversary date of hire and 1/48th of the total number of shares vesting each month thereafter.
- F2The performance-based restricted stock unit award is subject to vesting over four performance periods covering each of the Company's fiscal years 2016 through 2019, in each case subject to the reporting person continuing to be a service provider through the applicable vesting date. The awards become eligible to vest based on specified levels of the Company's stock price and the reporting person has the ability to earn up to 100% of the shares underlying the award based on achievement of all of the applicable perforrmance criteria.