4//SEC Filing
IMMERSION CORP 4
Accession 0001140361-15-009135
$IMMRCIK 0001058811operating
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 4:56 PM ET
Size
9.9 KB
Accession
0001140361-15-009135
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Norris Paul F
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2015-02-24+3,334→ 5,363 total - Sale
Common Stock
2015-02-25$8.32/sh−1,492$12,414→ 3,871 total - Exercise/Conversion
Restricted Stock Units
2015-02-24−3,334→ 6,666 totalExercise: $0.00→ Common Stock (3,334 underlying)
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 24, 2014.
- [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]Represents the aggregate of sales effected on the same day at different prices.
- [F4]Represents the weighted average sales price per share. The shares sold at prices ranging from $8.32 to $8.3801 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.
- [F5]1/3 of the RSUs vest on February 24, 2015 ("Vest Date"), then an additional 1/3 of the RSUs will vest on each one year anniversary of the Vest Date thereafter. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
Documents
Issuer
IMMERSION CORP
CIK 0001058811
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001058811
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 4:56 PM ET
- Size
- 9.9 KB