Eric Singer - Mar 19, 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Signature
/s/ Eric Singer by Francis Jose, Attorney-in-Fact
Stock symbol
IMMR
Transactions as of
Mar 19, 2023
Transactions value $
-$309,472
Form type
4
Date filed
3/21/2023, 08:00 PM
Previous filing
Jan 4, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMMR Common Stock Options Exercise $0 +100K +11.15% $0.00 997K Mar 19, 2023 Direct
transaction IMMR Common Stock Tax liability -$309K -39.3K -3.94% $7.87 958K Mar 19, 2023 Direct F1

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 Award $0 0 0% $0.00* 200K Mar 19, 2023 Common Stock 0 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.
F2 Grant of 300,000 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 January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022.