William C. Martin - Nov 8, 2021 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Director
Signature
By: /s/ Frederick C. Wasch as attorney-in-fact for William C. Martin
Stock symbol
IMMR
Transactions as of
Nov 8, 2021
Transactions value $
-$13,451,423
Form type
4
Date filed
11/10/2021, 06:37 PM
Previous filing
May 28, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock, $0.001 par value Sale -$4.7M -641K -28.84% $7.34 1.58M Nov 8, 2021 By Raging Capital Master Fund, Ltd. F1, F2, F3
transaction IMMR Common Stock, $0.001 par value Sale -$5.09M -708K -44.76% $7.20 874K Nov 9, 2021 By Raging Capital Master Fund, Ltd. F1, F2, F3
transaction IMMR Common Stock, $0.001 par value Sale -$3.66M -519K -59.43% $7.04 354K Nov 10, 2021 By Raging Capital Master Fund, Ltd. F1, F2, F3
holding IMMR Common Stock, $0.001 par value 32K Nov 8, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Raging Capital Management, LLC ("Raging Capital") and William C. Martin (collectively, the "Reporting Persons"). William C. Martin, the Chairman, Chief Investment Officer and Managing Member of Raging Capital, is a director of the Issuer. Accordingly, Raging Capital may be deemed to be a director by deputization of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2 Represents securities held directly by Raging Capital Master Fund, Ltd. ("Raging Master"). Raging Capital is the Investment Manager of Raging Master. William C. Martin is the Chairman, Chief Investment Officer and Managing Member of Raging Capital. Raging Master has delegated to Raging Capital the sole authority to vote and dispose of the securities held by Raging Master pursuant to an Investment Management Agreement, dated November 9, 2012, as amended and restated on December 21, 2016 (the "IMA").
F3 The IMA may be terminated by any party thereto effective at the close of business on the last day of any fiscal quarter by giving the other party not less than sixty-one days' written notice. As a result, each of Raging Capital and William C. Martin may be deemed to beneficially own the securities held by Raging Master. Raging Master specifically disclaims beneficial ownership of the securities held by it by virtue of its inability to vote or dispose of such securities as a result of the IMA.