Jared Smith - Jun 3, 2021 Form 4 Insider Report for IMMERSION CORP (IMMR)

Signature
/s/ Francis Jose, Attorney-in-Fact for Jared Smith
Stock symbol
IMMR
Transactions as of
Jun 3, 2021
Transactions value $
-$80,542
Form type
4
Date filed
6/7/2021, 06:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise +26.7K +102.43% 52.7K Jun 3, 2021 Direct F1
transaction IMMR Common Stock Tax liability -$80.5K -9.32K -17.69% $8.64 43.4K Jun 4, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IMMR Restricted Stock Units Options Exercise $0 -26.7K -50% $0.00 26.7K Jun 3, 2021 Common Stock 26.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the RSUs.
F3 On July 15, 2019, the Reporting Person was granted 80,000 RSUs, 1/3 of which vested on June 3, 2020, 1/3 of which vested on June 3, 2021, and an additional 1/3 of which will vest on June 3, 2022, subject to Reporting Person's continued service through each such date.