Filing Details

Accession Number:
0001628280-22-022684
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-12 16:19:31
Reporting Period:
2022-08-10
Accepted Time:
2022-08-12 16:19:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1058811 Immersion Corp IMMR Computer Peripheral Equipment, Nec (3577) 943180138
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1799626 Aaron Akerman C/O Immersion Corporation
2999 N. E. 191St Street, Suite 610
Aventura FL 33180
Chief Financial Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-08-10 1,875 $0.00 33,051 No 4 M Direct
Common Stock Disposition 2022-08-11 882 $5.94 32,169 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance-based Restricted Stock Units Disposition 2022-08-10 1,875 $0.00 1,875 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
16,875 2025-11-10 No 4 M Direct
Footnotes
  1. Restricted stock units convert into common stock on a one-for-one basis.
  2. 2,000 shares were purchased on July 31st, 2022 at a price of $4.471 per share under the Issuer's Employee Stock Purchase Plan.
  3. Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the PSUs.
  4. Grant of 30,000 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 November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.