SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(Amendment No. )(1)
Iridex Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
462684101
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(CUSIP Number)
April 27, 2004
--------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
(Page 1 of 12 Pages)
-----------------------------
(1) 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, as amended (the "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).
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CUSIP NO. 462684101 Page 2 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Raj Rajaratnam
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 722,505
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
722,505
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
722,505
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 3 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Galleon Management, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 722,505
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
722,505
----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
722,505
----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
----------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 4 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Galleon Management, L.P.
----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 722,505
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
722,505
----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
722,505
----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
----------------------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 5 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Galleon Advisors, L.L.C.
----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
------------ ---------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 88,200
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
88,200
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,200
----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%
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12 TYPE OF REPORTING PERSON*
OO
----------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 6 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Galleon Healthcare Partners, L.P.
----------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
----------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
----------------------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 88,200
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
88,200
----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
88,200
----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.2%
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12 TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 7 of 12 Pages
---------- 13G ----------- -----------
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Galleon Healthcare Offshore, Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
----------------------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -----------------------------------------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 634,305
PERSON -----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
634,305
----------------------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
634,305
----------------------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_|
----------------------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.7%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 462684101 Page 8 of 12 Pages
---------- 13G ------- --------
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SCHEDULE 13-G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(c)
ITEM 1(A). NAME OF ISSUER:
Iridex Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1212 Terra Bella Avenue
Mountainview, California 94043-1824
ITEM 2(A). NAME OF PERSON FILING:
Raj Rajaratnam
Galleon Management, L.P.
Galleon Management, L.L.C.
Galleon Advisors, L.L.C.
Galleon Healthcare Partners, L.P.
Galleon Healthcare Offshore, Ltd.
Each of the foregoing, a "Reporting Person."
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
For Galleon Management, L.P.:
135 East 57th Street, 16th Floor
New York, NY 10022
For each Reporting Person other than Galleon Management, L.P.:
c/o Galleon Management, L.P.
135 East 57th Street, 16th Floor
New York, NY 10022
ITEM 2(C). CITIZENSHIP:
For Raj Rajaratnam: United States
For Galleon Healthcare Offshore, Ltd.: Bermuda
For each Reporting Person other than Raj Rajaratnam and
Galleon Healthcare Offshore, Ltd.: Delaware
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
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CUSIP NO. 462684101 Page 9 of 12 Pages
---------- 13G ------- --------
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ITEM 2(E). CUSIP NUMBER:
462684101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2 (B) OR
(C), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP.
For Raj Rajaratnam, Galleon Management, L.P., and Galleon Management,
L.L.C.:
(a) Amount Beneficially Owned:
722,505 shares of Common Stock
(b) Percent of Class:
9.9% (Based upon 7,325,182 shares outstanding as reported
by the Issuer in its Quarterly Report on Form 10-Q for
the quarter ended July 3, 2004)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 722,505
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 722,505
For Galleon Advisors, L.L.C. and Galleon Healthcare Partners, L.P.:
(a) Amount Beneficially Owned:
88,200 shares of Common Stock
(b) Percent of Class:
1.2% (Based upon 7,325,182 shares outstanding as
reported by the Issuer in its Quarterly Report on Form
10-Q for the quarter ended July 3, 2004)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 88,200
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 88,200
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CUSIP NO. 462684101 Page 10 of 12 Pages
---------- 13G ------- --------
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For Galleon Healthcare Offshore, Ltd.:
(a) Amount Beneficially Owned:
634,305 shares of Common Stock
(b) Percent of Class:
8.7% (Based upon 7,325,182 shares outstanding as
reported by the Issuer in its Quarterly Report on Form
10-Q for the quarter ended July 3, 2004)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote:
634,305
(iii) Sole power to dispose or to direct the disposition
of: 0
(iv) Shared power to dispose or to direct the
disposition of: 634,305
Pursuant to the partnership agreement, Galleon Management, L.P. and Galleon
Advisors, L.L.C. share all investment and voting power with respect to the
securities held by Galleon Healthcare Partners, L.P., and pursuant to an
investment management agreement, Galleon Management, L.P. has all investment and
voting power with respect to the securities held by Galleon Healthcare Offshore,
Ltd. Raj Rajaratnam, as the managing member of Galleon Management, L.L.C.,
controls Galleon Management, L.L.C., which, as the general partner of Galleon
Management, L.P., controls Galleon Management, L.P. Raj Rajaratnam, as the
managing member of Galleon Advisors, L.L.C., also controls Galleon Advisors,
L.L.C. The shares reported herein by Raj Rajaratnam, Galleon Management, L.P.,
Galleon Management, L.L.C., and Galleon Advisors, L.L.C. may be deemed
beneficially owned as a result of the purchase of such shares by Galleon
Healthcare Partners, L.P. and Galleon Healthcare Offshore, Ltd., as the case may
be. Each of Raj Rajaratnam, Galleon Management, L.P., Galleon Management,
L.L.C., and Galleon Advisors, L.L.C. disclaims any beneficial ownership of the
shares reported herein, except to the extent of any pecuniary interest therein.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
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.
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CUSIP NO. 462684101 Page 11 of 12 Pages
---------- 13G ------- --------
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
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.
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CUSIP NO. 462684101 Page 12 of 12 Pages
---------- 13G ------- --------
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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.
/s/ Raj Rajaratnam
------------------------------------
Raj Rajaratnam, for HIMSELF;
For GALLEON MANAGEMENT, L.P., as the Managing
Member of its General Partner, Galleon
Management, L.L.C.;
For GALLEON MANAGEMENT, L.L.C., as its Managing
Member;
For GALLEON ADVISORS, L.L.C., as its Managing
Member;
For GALLEON HEALTHCARE PARTNERS, L.P., as the
Managing Member of its General Partner,
Galleon Advisors, L.L.C.;
For GALLEON HEALTHCARE OFFSHORE, LTD., as the
Managing Member of Galleon Management, L.L.C.,
which is the General Partner of Galleon
Management, L.P., which in turn, is an
Authorized Signatory
Dated: September 17, 2004
EXHIBIT 1
---------
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.
/s/ Raj Rajaratnam
--------------------------------------------
Raj Rajaratnam, for HIMSELF;
For GALLEON MANAGEMENT, L.P., as the Managing
Member of its General Partner, Galleon
Management, L.L.C.;
For GALLEON MANAGEMENT, L.L.C., as its Managing
Member;
For GALLEON ADVISORS, L.L.C., as its Managing
Member;
For GALLEON HEALTHCARE PARTNERS, L.P., as the
Managing Member of its General Partner,
Galleon Advisors, L.L.C.;
For GALLEON HEALTHCARE OFFSHORE, LTD., as the
Managing Member of Galleon Management, L.L.C.,
which is the General Partner of Galleon
Management, L.P., which in turn, is an
Authorized Signatory
Dated: September 17, 2004