VP of IRIDEX Corporation just cashed-in 1,650 options

Ronald Steckel, VP of IRIDEX Corporation, recently cashed-in 1,650 options. The options were exercised at prices ranging between $3.86 and $3.99, while the disposals took place at $9.07 per share, on March 17, 2014. Steckel continues to hold 1,250 shares of the company. Steckel operates out of Mountain View, CA. Some additional info was provided as follows:

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 Selling Plan adopted by the reporting person on 3/5/13. This option was granted pursuant to IRIDEX Corporation's 2008 Equity Incentive Plan and is exempt to Rule 16b-3. The shares are subject to vesting according to the following schedule: 1/48th of the total number of shares vest each month. The 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.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. IRIDEX Corporation next reports earnings on April 28, 2014.

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Other recent filings from the company include the following:

VP of IRIDEX Corporation just cashed-in 1,650 options - Feb. 18, 2015

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