4//SEC Filing
LAVALLE JOSEPH 4
Accession 0001140361-12-016611
CIK 0001058811other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:36 PM ET
Size
10.7 KB
Accession
0001140361-12-016611
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
LAVALLE JOSEPH
VP, Sales
Transactions
- Tax Payment
Common Stock
2012-03-15$5.21/sh−1,197$6,238→ 4,820 total
Holdings
- 5,556
Restricted Stock Units
Exercise: $0.00→ Common Stock (5,556 underlying) - 11,333
Restricted Stock Units
Exercise: $0.00→ Common Stock (11,333 underlying) - 30,000
Restricted Stock Units
Exercise: $0.00→ Common Stock (30,000 underlying)
Footnotes (8)
- [F1]The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan, and is an exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F2]Represents the aggregate of sales effected on the same day at different prices.
- [F3]Represents the weighted average sales price per share. The shares sold at prices ranging from $5.21 to $5.32 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- [F5]The RSU grant vested as to one-third (1/3) of the total number of units on each one year anniversary of the grant commencing on March 14, 2012.
- [F6]The RSU grant vested as to one-third (1/3) of the total number of units on each one year anniversary of the grant commencing on April 1, 2011.
- [F7]The RSU grant vested as to one-third (1/3) of the total number of units on each one year anniversary of the grant commencing on March 5, 2013.
- [F8]Represent restricted stock units that have not vested as of the date of the filing of this Form 4, which were previously reported as non-derivative securities on a Form 3 and Forms 4 previously filed with the Securities and Exchange Commission.
Documents
Issuer
IMMERSION CORP
CIK 0001058811
Entity typeother
Related Parties
1- filerCIK 0001287543
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:36 PM ET
- Size
- 10.7 KB