Edgar Filing: Shuda Scott

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Shuda Scott

2. Date of Event Requiring Statement (Month/Day/Year)
12/05/2012

3. Issuer Name and Ticker or Trading Symbol
IRIDEX CORP [IRIX]

(Last)

(First)

(Middle)

C/O IRIDEX CORP,Â 1212 TERRA BELLA AVENUE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

MOUNTAIN VIEW,Â CAÂ 94043

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,042,970	I	BlueLine Capital Partners, LP ⁽¹⁾
Common Stock	169,845	I	BlueLine Capital Partners II, LP ⁽²⁾
Common Stock	192,100	I	BlueLine Capital Partners III, LP ⁽³⁾
Common Stock	200,621	I	BlueLine Catalyst Fund IX, LP ⁽⁴⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	600,000	$ ⁽⁵⁾	I	BlueLine Capital Partners, LP ⁽¹⁾
Series A Preferred	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	100,000	$ ⁽⁵⁾	I	BlueLine Capital Partners II, LP ⁽²⁾
Series A Preferred	Â ⁽⁵⁾	Â ⁽⁵⁾	Common Stock	300,000	$ ⁽⁵⁾	I	BlueLine Capital Partners III, LP ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Shuda Scott C/O IRIDEX CORP 1212 TERRA BELLA AVENUE MOUNTAIN VIEW,Â CAÂ 94043	Â X	Â X	Â	Â

Signatures

/s/ Scott A. Shuda		12/07/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reporting person is a Managing Director of BlueLine Partners, LLC which is the General Partner of BlueLine Capital Partners, LP, the owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(2)	The reporting person is a Managing Director of BlueLine Partners II, LLC which is the General Partner of BlueLine Capital Partners II, LP, the owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(3)	The reporting person is a Managing Director of BlueLine Partners, LLC which is the General Partner of BlueLine Capital Partners III, LP, the owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(4)	The reporting person is a Managing Director of BlueLine Partners, LLC which is the General Partner of BlueLine Catalyst Fund IX, LP, the owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(5)	Each share of the issuer's Series A Preferred Stock is convertible into two shares of common stock, and has no expiration date.

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