William C. Martin - Jan 13, 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role
Chief Strategy Officer, Director
Signature
/s/ William Martin
Stock symbol
IMMR
Transactions as of
Jan 13, 2023
Transactions value $
$0
Form type
4
Date filed
1/17/2023, 03:39 PM
Previous filing
Jan 4, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Award $0 +6.34K +0.92% $0.00 699K Jan 13, 2023 Direct F1, F2
transaction IMMR Common Stock Award $0 +44.3K +6.34% $0.00 743K Jan 13, 2023 Direct F1, F3
* 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 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 bi-weekly payroll period, 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, dividing the remainder by the closing price on December 30, 2022, and summing the number of shares of the Issuer's Common Stock from all pay periods.
F3 Common Stock issued to the Reporting Person in lieu of bonus earned during 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 dividing the bonus earned by the Reporting Person during 2022, subtracting applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, dividing the remainder by the closing price on January 13, 2023.