Filing Details

(1)	Includes 198,621 Shares that are deemed to be beneficially owned by Shannon River Fund Management LLC, which serves as sub-advisor to one other fund.

(1)	Includes 198,621 Shares that are deemed to be beneficially owned by Shannon River Fund Management LLC, which serves as sub-advisor to one other fund.

The following constitutes Amendment No. 1 (“Amendment No. 1”) to the Schedule 13D filed by the undersigned with respect to the shares of Common Stock, par value $0.001 per share (the “Common Stock” or the “Shares”), of Immersion Corporation (the “Issuer”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.

Item 3 is hereby amended and restated to read as follows:

A total of approximately $10,727,395 was paid to acquire the 1,421,112 shares of Common Stock reported as beneficially owned by the Reporting Persons. The funds used to purchase the Shares were obtained from the general working capital of SRP, SRMF and DMF, and the general working capital of the unaffiliated fund which is managed by a third party and for which SRF Management serves as a sub-advisor, including margin account borrowings made in the ordinary course of business, although the Reporting Persons cannot determine whether any funds allocated to purchase such securities were obtained from any margin account borrowings.

Item 5 is hereby amended and restated to read as follows:

(a)            The aggregate percentage of Shares reported owned by each person named herein is based upon 31,144,237 shares of Common Stock outstanding as of February 28, 2020, as reported on the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2020.

As of the date hereof, SRP beneficially owned 95,442 Shares, constituting less than 1% of the shares of Common Stock outstanding. By virtue of their respective relationships with SRP discussed in further detail in Item 2, each of SRC Management, SRF Management and Mr. Waxman may be deemed to beneficially own the Shares owned directly by SRP.  SRC Management, SRF Management and Spencer Waxman disclaim beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

As of the date hereof, SRF Management serves as the sub-advisor for one separate fund that is not an affiliate of the Reporting Persons, which owns 294,063 Shares, constituting less than 1% of the shares of Common Stock outstanding.  By virtue of their respective relationships with such fund discussed in greater detail in Item 2, each of SRF Management and Mr. Waxman may be deemed to beneficially own the Shares directly owned by such fund.  SRF Management and Spencer Waxman disclaim beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

As of the date hereof, SRMF beneficially owned 34,235 Shares, constituting less than 1% of the shares of Common Stock outstanding. By virtue of their respective relationships with SRMF discussed in further detail in Item 2, each of SRG Management and Mr. Waxman may be deemed to beneficially own the Shares owned directly by SRMF. SRG Management and Spencer Waxman disclaim beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

As of the date hereof, DMF beneficially owned 1,092,814 Shares, constituting approximately 3.5% of the shares of Common Stock outstanding. By virtue of their respective relationships with DMF discussed in further detail in Item 2, each of DF Management, DG Management and Mr. Waxman may be deemed to beneficially own the Shares owned directly by DMF.  DG Management and Spencer Waxman disclaim beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

Based on the above, as of the date hereof, Mr. Waxman may be deemed to beneficially own 1,421,112 Shares, constituting approximately 4.6% of the shares of Common Stock outstanding.  By virtue of his relationships with SRF Management, SRC Management, SRG Management, DF Management and DG Management discussed in further detail in Item 2, Mr. Waxman may be deemed to beneficially own the Shares owned directly by SRP, the fund for which SRF Management serves as the sub-advisor, SRMF and DMF.  Spencer Waxman disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein.

(b)            Each of SRP, SRC Management, SRF Management and Mr. Waxman share the power to vote or direct the vote of, and to dispose or direct the disposition of, the Common Stock beneficially owned by SRP.  Each of SRF Management and Mr. Waxman share the power to vote or direct the vote of, and to dispose or direct the disposition of, any Shares directly held by the fund for whom SRF Management serves as sub-advisor.  Each of SRMF, SRC Management, SRG Management  and Mr. Waxman share the power to vote or direct the vote of, and to dispose or direct the disposition of, the Common Stock beneficially owned by SRMF.  Each of DMF, DF Management, DG Management and Mr. Waxman share the power to vote or direct the vote of, and to dispose or direct the disposition of, the Common Stock beneficially owned by DMF.  Information regarding each of SRC Management, SRF Management, SRG Management, DMF Management and Spencer Waxman is set forth in Item 2 of this Schedule 13D and is expressly incorporated by reference herein.

(c)            The transactions effected by the Reporting Persons during the past 60 days are set forth on Schedule 1 attached hereto.

(d)            Except as set forth in this Item 5, no person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of the Shares, except for the Shares held by third parties for whom SRF Management serves as sub-advisor.

(e)            As of March 30, 2020, the Reporting Persons ceased to be beneficial owners of more than five percent of the outstanding Shares of the Issuer.

Item 7 is hereby amended and restated to read as follows:

SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.

Dated:  April 1, 2020

SCHEDULE 1

TRANSACTIONS EFFECTED BY REPORTING PERSONS WITHIN THE LAST 60 DAYS

The following transactions were effected by Shannon River Partners LP during the past 60 days:

The following transactions were effected by Shannon River Master Fund, L.P. during the past 60 days:

The following transactions were effected by Doonbeg Master Fund, L.P. during the past 60 days:

The following transactions were effected by the fund to which Shannon River Fund Management, LLC serves as sub-advisor during the past 60 days: