Aaron Akerman - May 10, 2022 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Chief Financial Officer
Signature
/s/ Francis Jose, attorney-in-fact for Aaron Akerman
Stock symbol
IMMR
Transactions as of
May 10, 2022
Transactions value $
-$3,996
Form type
4
Date filed
5/12/2022, 04:01 PM
Previous filing
Feb 14, 2022
Next filing
Aug 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise +1.88K +6.65% 30.1K May 10, 2022 Direct F1
transaction IMMR Common Stock Sale -$4K -912 -3.03% $4.38 29.2K May 11, 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 Performance-based Restricted Stock Units Options Exercise $0 +1.88K +11.11% $0.00 18.8K May 10, 2022 Common Stock 1.88K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
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 PSUs.
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.