4//SEC Filing
IMMERSION CORP 4
Accession 0001140361-13-043421
$IMMRCIK 0001058811operating
Filed
Nov 17, 7:00 PM ET
Accepted
Nov 18, 7:54 PM ET
Size
9.5 KB
Accession
0001140361-13-043421
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Sheehan Dennis Gerard
SVP, Sales & Mktg
Transactions
- Exercise/Conversion
Common Stock
2013-11-14+16,667→ 46,405 total - Exercise/Conversion
Restricted Stock Units
2013-11-14−16,667→ 33,333 totalExercise: $0.00→ Common Stock (16,667 underlying) - Tax Payment
Common Stock
2013-11-14$12.34/sh−6,321$78,001→ 40,084 total
Footnotes (4)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 14, 2012.
- [F2]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.
- [F3]Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F4]1/3 of the RSUs vested on November 14, 2013 (the "Vest Date"), then an additional 1/3 of the RSUs will vest thereafter on each one year anniversary of the Vest Date.
Documents
Issuer
IMMERSION CORP
CIK 0001058811
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001058811
Filing Metadata
- Form type
- 4
- Filed
- Nov 17, 7:00 PM ET
- Accepted
- Nov 18, 7:54 PM ET
- Size
- 9.5 KB