Aaron Akerman - Nov 11, 2021 Form 4 Insider Report for IMMERSION CORP (IMMR)

Signature
/s/ Francis Jose, Attorney-in-Fact for Aaron Akerman
Stock symbol
IMMR
Transactions as of
Nov 11, 2021
Transactions value $
-$27,135
Form type
4
Date filed
11/15/2021, 05:28 PM
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise $0 +7.5K +100.42% $0.00 15K Nov 11, 2021 Direct F1
transaction IMMR Common Stock Sale -$27.1K -4.01K -26.82% $6.76 11K Nov 12, 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 Performance-Based Restricted Stock Units Options Exercise $0 -7.5K -25% $0.00 22.5K Nov 11, 2021 Common Stock 7.5K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,747 shares were purchased on July 31st, 2021 at a price of $6.426 per share under the Issuer's Employee Stock Purchase Plan.
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 Grant of 30,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.