4//SEC Filing
Raging Capital Management, LLC 4
Accession 0000921895-20-003154
CIK 0001058811other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 8:08 PM ET
Size
9.2 KB
Accession
0000921895-20-003154
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
MARTIN WILLIAM C
DirectorChief Strategy Officer
Transactions
- Sale
Common Stock, $0.001 par value
2020-11-27$9.05/sh−26,895$243,429→ 4,082,922 total(indirect: By Raging Capital Master Fund, Ltd.)
Holdings
- 32,030
Common Stock, $0.001 par value
Raging Capital Management, LLC
10% Owner
Transactions
- Sale
Common Stock, $0.001 par value
2020-11-27$9.05/sh−26,895$243,429→ 4,082,922 total(indirect: By Raging Capital Master Fund, Ltd.)
Holdings
- 32,030
Common Stock, $0.001 par value
Footnotes (4)
- [F1]This Form 4 is filed jointly by Raging Capital Management, LLC ("Raging Capital") and William C. Martin (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]The sale reported in this Form 4 was made pursuant to a Rule 10b5-1 plan adopted by the Reporting Persons on September 11, 2020.
- [F3]Represents securities held directly by Raging Capital Master Fund, Ltd. ("Raging Master"). Raging Capital is the Investment Manager of Raging Master. William C. Martin is the Chairman, Chief Investment Officer and Managing Member of Raging Capital. Raging Master has delegated to Raging Capital the sole authority to vote and dispose of the securities held by Raging Master pursuant to an Investment Management Agreement, dated November 9, 2012, as amended and restated on December 21, 2016 (the "IMA").
- [F4]The IMA may be terminated by any party thereto effective at the close of business on the last day of any fiscal quarter by giving the other party not less than sixty-one days' written notice. As a result, each of Raging Capital and William C. Martin may be deemed to beneficially own the securities held by Raging Master. Raging Master specifically disclaims beneficial ownership of the securities held by it by virtue of its inability to vote or dispose of such securities as a result of the IMA.
Documents
Issuer
IMMERSION CORP
CIK 0001058811
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001444376
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 8:08 PM ET
- Size
- 9.2 KB