William C. Martin - Jun 7, 2022 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Chief Strategy Officer, Director
Signature: /s/ William Martin
Stock symbol: IMMR
Transactions as of: Jun 7, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/9/2022, 06:25 PM
Previous filing: Jun 1, 2022
Next filing: Jul 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMMR	Common Stock	Award	$0	+16.5K	+3.82%	$0.00	449K	Jun 7, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Granted in accordance with the Issuer's 2021 Equity Incentive Plan (the "Plan"). In accordance with the terms of the Plan and as approved by the Issuer's Board of Directors, the Reporting Person is permitted to, and has, elected to be paid his salary as an executive officer of the Issuer in the form of the Issuer's Common Stock.
F2	Common Stock issued to the Reporting Person in lieu of salary earned in 2022 through June 3, 2022, less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's Common Stock issued to the Reporting Person was calculated by determining, for each Company bi-weekly payroll period in 2022 through June 3, 2022, the salary earned by the Reporting Person during the applicable bi-weekly payroll period, subtracting withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price of the Issuer's Common Stock on the applicable pay date, and summing the number of shares of the Issuer's Common Stock from all 2022 pay periods through June 3, 2022.

Content

Granted in accordance with the Issuer's 2021 Equity Incentive Plan (the "Plan"). In accordance with the terms of the Plan and as approved by the Issuer's Board of Directors, the Reporting Person is permitted to, and has, elected to be paid his salary as an executive officer of the Issuer in the form of the Issuer's Common Stock.

Common Stock issued to the Reporting Person in lieu of salary earned in 2022 through June 3, 2022, less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's Common Stock issued to the Reporting Person was calculated by determining, for each Company bi-weekly payroll period in 2022 through June 3, 2022, the salary earned by the Reporting Person during the applicable bi-weekly payroll period, subtracting withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price of the Issuer's Common Stock on the applicable pay date, and summing the number of shares of the Issuer's Common Stock from all 2022 pay periods through June 3, 2022.