IRIDEX Corporation's CFO and COO just cashed-in 4,000 options

James H Mackaness, IRIDEX Corporation's CFO and COO, recently cashed-in 4,000 options. The options were exercised at $0.90, while the disposals took place between $9.03 and $9.04 per share, on March 21, 2014. Mackaness continues to hold 2,000 shares of the company. Mackaness operates out of Mountain View, CA. Some additional info was provided as follows:

The sale reported in this Form 4 was pursuant to the Reporting Person's Rule 10b5-1 Selling Plan effective November 21, 2013. 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 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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