Eyelet Lace 45 in the round

PATTERN IN THE ROUND
Cast on a multiple of 17 sts.
Round 1: Knit.
Round 2: Knit.
Round 3: Knit.
Round 4: *[K2tog] 3 times, [yo, k1] 5 times, yo, [k2tog] 3 times, repeat from *.
Round 5: Purl.
Round 6: Purl.
Repeat rounds 1-6.
Worked flat, see Eyelet Lace 45: Old Shale variation stitch