Sumit Agarwal - May 13, 2021 Form 4/A - Amendment Insider Report for IMMERSION CORP (IMMR)

Role: Director
Signature: /s/ Francis Jose, Attorney-in-Fact for Sumit Agarwal
Stock symbol: IMMR
Transactions as of: May 13, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 5/28/2021, 08:00 PM
Date Of Original Report: May 17, 2021
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMMR	Common Stock	Other	$0	0	0%	$0.00^*	45.5K	May 13, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amendment is being filed solely to reverse the previously reported grant of restricted stock to the reporting person on the original form 4 filed on May 17, 2021, as amended on May 18, 2021 (the "Original Form 4"). The Original Form 4 reported the grant of 17,313 restricted shares, which grant was approved by the Immersion Board of Directors on May 13, 2021. Such grant was intended to be made under the Company's 2011 Equity Incentive Plan (the "Plan"). However, the Plan had expired at the time such grant was approved; and therefore, such grant could not be made. On May 19, 2021, following the filing of the Original Form 4 but before any restricted shares purportedly granted actually were issued to the reporting person, the Company identified the termination of the Plan and therefore did not issue the restricted shares to the reporting person. As a result, the grant was not effective under the issuer's grant procedures.
F2	Continued from footnote 1: The Immersion Board of Director has rescinded the prior approval of such grant and has confirmed that the reporting person had no right to the restricted shares previously reported on the Original Form 4.

Content

This amendment is being filed solely to reverse the previously reported grant of restricted stock to the reporting person on the original form 4 filed on May 17, 2021, as amended on May 18, 2021 (the "Original Form 4"). The Original Form 4 reported the grant of 17,313 restricted shares, which grant was approved by the Immersion Board of Directors on May 13, 2021. Such grant was intended to be made under the Company's 2011 Equity Incentive Plan (the "Plan"). However, the Plan had expired at the time such grant was approved; and therefore, such grant could not be made. On May 19, 2021, following the filing of the Original Form 4 but before any restricted shares purportedly granted actually were issued to the reporting person, the Company identified the termination of the Plan and therefore did not issue the restricted shares to the reporting person. As a result, the grant was not effective under the issuer's grant procedures.

Continued from footnote 1: The Immersion Board of Director has rescinded the prior approval of such grant and has confirmed that the reporting person had no right to the restricted shares previously reported on the Original Form 4.