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

Role: Chief Financial Officer
Signature: /s/ Francis Jose, Attorney-in-Fact for Aaron Akerman
Issuer symbol: IMMR
Transactions as of: 11 Nov 2021
Net transactions value: -$27,135
Form type: 4
Filing time: 15 Nov 2021, 17:28:59 UTC
Next filing: 18 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMMR	Common Stock	Options Exercise	$0	+7,500	+100%	$0.000000	14,969	11 Nov 2021	Direct	F1
transaction	IMMR	Common Stock	Sale	$27,135	-4,014	-27%	$6.76	10,955	12 Nov 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	-7,500	-25%	$0.000000	22,500	11 Nov 2021	Common Stock	7,500	$0.000000	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.