Eric Singer - Jan 27, 2022 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Executive Chair, Director
Signature
/s/ Eric Singer by Francis Jose, Attorney-in-Fact
Stock symbol
IMMR
Transactions as of
Jan 27, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 05:45 PM
Previous filing
Dec 15, 2021
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Award $0 +26.2K +15.78% $0.00 192K Jan 27, 2022 Direct F1
transaction IMMR Common Stock Award $0 +300K +156.32% $0.00 492K Jan 27, 2022 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 Common Stock Award $0 +300K $0.00 300K Jan 27, 2022 Common Stock 300K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock, 100% of which will vest, subject to continued service through the vesting date, on the earlier of (i) the one-year anniversary of May 13, 2021 or (ii) the date of the Issuer's 2022 annual meeting of stockholders, subject to acceleration in full upon the occurrence of certain events.
F2 Represents a grant of restricted stock, 1/12th of the total number of shares (25,000 shares) will vest each quarterly period following the Vesting Start Date of January 1, 2022.Vesting is subject to acceleration upon occurrence of certain events.
F3 Grant of 300,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of Issuer, with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of Issuer's common stock during any one hundred (100) day trading period between January 1, 2022 and January 1, 2027 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued service with the Issuer through the applicable vesting date, which occurs in quarterly installments following the Vesting Start Date of January 1, 2022.Vesting is subject to acceleration upon occurrence of certain events.