Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-21-050499
Date:2021-08-05
Issuer: IRIDEX CORP (IRIX)
Original Submission Date:

Reporting Person:

MERCER PATRICK
1212 TERRA BELLA AVENUE
MOUNTAIN VIEW, CA 94043

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-08-05 A 17,490 a $0.00 48,071 direct
COMMON STOCK 2021-08-05 A 15,200 a $0.00 63,271 direct
COMMON STOCK 2021-08-05 F 5,256 d $6.58 58,015 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
EMPLOYEE STOCK OPTION (RIGHT TO BUY) 6.58 2021-08-05 deemed execution date A 35,510 (a) 2028-08-05 common stock 35,510 $6.58 35,510 direct
Footnotes
IDfootnote
f1 each share is represented by a restricted stock unit (rsu). each rsu represents a contingent right to receive one share of the issuer's common stock upon settlement. the rsus vest as to one-third of the shares on july 4, 2022 and each one-year anniversary thereafter, subject to the reporting person continuing as a service provider through each such date.
f2 15,200 performance share units granted to the reporting person on october 22, 2019, and modified on august 5, 2021 were released upon the achievement of performance criteria.
f3 these shares have been withheld in an exempt disposition to the issuer under rule 16b-3(e), to satisfy the issuer's income tax withholding and remittance obligations in connection with the net settlement of performance stock units and does not represent a sale by the reporting person.
f4 the option vests as to one-third of the shares on july 4, 2022 and each one-year anniversary thereafter, subject to the reporting person continuing as a service provider through each such date.

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