Aaron Akerman - 10 Feb 2022 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
10 Feb 2022
Net transactions value
-$5,035
Form type
4
Filing time
14 Feb 2022, 17:21:31 UTC
Previous filing
18 Jan 2022
Next filing
12 May 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 +1,875 +7.9% 25,470 10 Feb 2022 Direct F1, F2
transaction IMMR Common Stock Sale $5,035 -1,007 -4% $5.00 24,463 11 Feb 2022 Direct F3

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 -1,875 -8.3% $0.000000 20,625 10 Feb 2022 Common Stock 1,875 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,000 shares were purchased on January 31st, 2022 at a price of $4.3945 per share under the Issuer's Employee Stock Purchase Plan.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 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.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 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.