4//SEC Filing
IMMERSION CORP 4
Accession 0001140361-15-011256
$IMMRCIK 0001058811operating
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 9:25 PM ET
Size
10.1 KB
Accession
0001140361-15-011256
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Norris Paul F
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2015-03-10$8.20/sh−1,433$11,750→ 5,771 total - Exercise/Conversion
Common Stock
2015-03-08+3,333→ 7,204 total - Exercise/Conversion
Restricted Stock Units
2015-03-08−3,333→ 3,333 totalExercise: $0.00→ Common Stock (3,333 underlying)
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on March 8, 2013.
- [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 $8.1501 to $8.20 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]Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F6]1/3 of the restricted stock units ("RSUs") vested on March 8, 2014 ("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
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 9:25 PM ET
- Size
- 10.1 KB