-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OBlsFjUq0n2Hq+Uyx2E8saazaNu34p5pscevX5MB0lT74vwdg2NXmni3uHXBmw1l GMndA//cvBnr6+rr7PEz3Q== 0000909450-03-000069.txt : 20030331 0000909450-03-000069.hdr.sgml : 20030331 20030328210555 ACCESSION NUMBER: 0000909450-03-000069 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030331 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IRIDEX CORP CENTRAL INDEX KEY: 0001006045 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 770210467 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48169 FILM NUMBER: 03626971 BUSINESS ADDRESS: STREET 1: 1212 TERRA BELLA AVE CITY: MOUNTAIN VIEW STATE: CA ZIP: 95043-1824 BUSINESS PHONE: 6509404700 MAIL ADDRESS: STREET 1: 1212 TERRA BELLA AVENUE CITY: MOUNTAIN VIEW STATE: CA ZIP: 95043-1824 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909450 IRS NUMBER: 770210467 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 OSGOOD PLACE PENTHOUSE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4159811039 MAIL ADDRESS: STREET 1: 50 OSGOOD PLACE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19951108 SC 13G 1 irix13g123102.htm

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SEC 1745 (02-02)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___________)*

Iridex Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

462684101

(CUSIP Number)

December 31, 2002

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ x ]

Rule 13d-1(b)

[ x ]

Rule 13d-1(c)

[ ]

Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 462684101

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Gruber and McBaine Capital Management, LLC.


2.

Check the Appropriate Box if a Member of a Group (See Instructions)



(a)

X



(b)

 


3.

SEC Use Only ............................................................................................................................................


4.

Citizenship or Place of Organization

California

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

 
Sole Voting Power  0

6.

Shared Voting Power 382,000

7.

Sole Dispositive Power 0

8.

Shared Dispositive Power 382,000


9.

Aggregate Amount Beneficially Owned by Each Reporting Person 382,000


10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


11.

Percent of Class Represented by Amount in Row (9) 5.53%


12.

Type of Reporting Person (See Instructions) IA & OO

 

 

CUSIP No. 462684101

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Jon D. Gruber


2.

Check the Appropriate Box if a Member of a Group (See Instructions)



(a)

X



(b)

 


3.

SEC Use Only ............................................................................................................................................


4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

Sole Voting Power 75,000

6.

Shared Voting Power 382,000

7.

Sole Dispositive Power 75,000

8.

Shared Dispositive Power 382,000


9.

Aggregate Amount Beneficially Owned by Each Reporting Person 457,000


10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


11.

Percent of Class Represented by Amount in Row (9) 6.62%


12.

Type of Reporting Person (See Instructions) IN

CUSIP No. 462684101

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
J. Patterson McBaine


2.

Check the Appropriate Box if a Member of a Group (See Instructions)



(a)

X



(b)

 


3.

SEC Use Only ............................................................................................................................................


4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

Sole Voting Power 38,900

6.

Shared Voting Power 382,000

7.

Sole Dispositive Power 38,900

8.

Shared Dispositive Power 382,000


9.

Aggregate Amount Beneficially Owned by Each Reporting Person 420,900


10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


11.

Percent of Class Represented by Amount in Row (9) 6.1%


12.

Type of Reporting Person (See Instructions) IN

CUSIP No. 462684101

 

1.

Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Eric B. Swergold


2.

Check the Appropriate Box if a Member of a Group (See Instructions)



(a)

X



(b)

 


3.

SEC Use Only ............................................................................................................................................


4.

Citizenship or Place of Organization

United States

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

 

 

5.

 
Sole Voting Power  0

6.

Shared Voting Power 382,000

7.

Sole Dispositive Power 0

8.

Shared Dispositive Power 382,000


9.

Aggregate Amount Beneficially Owned by Each Reporting Person 382,000


10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).................................


11.

Percent of Class Represented by Amount in Row (9) 5.53%


12.

Type of Reporting Person (See Instructions) IN

Item 1.


(a)

Name of Issuer: Iridex Corp


(b)

Address of Issuer's Principal Executive Offices:

1212 Terra Bella Ave, Mountain View, CA 94043-1824


Item 2.


(a)

Name of Person Filing:

Gruber & McBaine Capital Management, LLC ("GMCM")

Jon D. Gruber ("Gruber")

J. Patterson McBaine ("McBaine")

Eric Swergold ("Swergold")


(b)

Address of Principal Business Office or, if none, Residence:

50 Osgood Place, Penthouse, San Francisco, CA 94133


(c)

Citizenship: See item 4 of cover sheet.


(d)

Title of Class of Securities: Common Stock


(e)

CUSIP Number: 462684101


Item 3.

If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


(a)

[ ]

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).


(b)

[ ]

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).


(c)

[ ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).


(d)

[ ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).


(e)

[ x ]

An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);


(f)

[ ]

An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);


(g)

[ x ]

A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);


(h)

[ ]

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);


(i)

[ ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);


(j)

[ x ]

Group, in accordance with 240.13d-1(b)(1)(ii)(J).


Item 4.

Ownership.

See Items 5-9 and 11 of the cover page for each Filer.


Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].


Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

GMCM is a registered investment advisor whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Stock. Gruber & McBaine are the Managers, controlling persons and portfolio managers of GMCM. No individual clients holdings of the Stock are more than five percent of the outstanding Stock.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not Applicable


Item 8.

Identification and Classification of Members of the Group

GMCM, Gruber, McBaine and Swergold constitute a group within the meaning of Rule 13d-5(b).


Item 9.

Notice of Dissolution of Group

Not Applicable


Item 10.

Certification


(a)

The following certification shall be included with respect to GMCM, McBaine:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


(b)

The following certification shall be included with respect to Gruber, Swergold:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 28, 2003

Gruber & McBaine Capital Management, LLC

By: /s/ J. Patterson McBaine

Title: Manager

 

/s/ Jon D. Gruber

Jon D. Gruber

/s/ J. Patterson McBaine

J. Patterson McBaine

/s/ Eric B. Swergold

Eric B. Swergold

 

 

 

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