William C. Martin - Mar 19, 2023 Form 4 Insider Report for IMMERSION CORP (IMMR)

Role: Chief Strategy Officer, Director
Signature: /s/ William Martin
Stock symbol: IMMR
Transactions as of: Mar 19, 2023
Transactions value $: -$336,080
Form type: 4
Date filed: 3/21/2023, 08:43 PM
Previous filing: Jan 17, 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	+13.46%	$0.00	843K	Mar 19, 2023	Direct
transaction	IMMR	Common Stock	Tax liability	-$336K	-42.7K	-5.06%	$7.87	800K	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		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.

Content

Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.

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.