Raging Capital Management, LLC 4
4 · IMMERSION CORP · Filed Feb 19, 2021
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
MARTIN WILLIAM C
DirectorChief Strategy Officer
Transactions
- Sale
Common Stock, $0.001 par value
2021-02-18$13.02/sh−237,500$3,091,063→ 2,392,988 total(indirect: By Raging Capital Master Fund, Ltd.) - Sale
Common Stock, $0.001 par value
2021-02-19$12.71/sh−170,899$2,172,981→ 2,222,089 total(indirect: By Raging Capital Master Fund, Ltd.)
Holdings
- 32,030
Common Stock, $0.001 par value
Footnotes (3)
- [F1]This Form 4 is filed jointly by Raging Capital Management, LLC ("Raging Capital") and William C. Martin (collectively, the "Reporting Persons"). William C. Martin, the Chairman, Chief Investment Officer and Managing Member of Raging Capital, is a director of the Issuer. Accordingly, Raging Capital may be deemed to be a director by deputization of the Issuer. 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]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").
- [F3]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.