SEC Form 4 · accession 0001704739-17-000031
IRIDEX CORP · IRIX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George R Marcellino
Director
Period of report
Oct 25, 2017
Accepted (ET)
Dec 8, 2017 · 7:38 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 StockF1 | Oct 25, 2017 | A | 25,000 | $0.00 | A | 30,590 | 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 | $9.05 | Oct 25, 2017 | A | 30,000 | A | — | Oct 25, 2024 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1RSU for 25,000 shares of the Company's common stock, one quarter of which vests on the one-year anniversary and the remainder of the RSU's vests in equal monthly installments over three years thereafter.
- F2This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3.
- F3Shares subject to the option vest over a period of 48 months with 1/4th of the total number of shares vesting on the first anniversary of the grant date and 1/48th of the total number of shares vesting each month thereafter.