4//SEC Filing
IMMERSION CORP 4
Accession 0001140361-15-038978
$IMMRCIK 0001058811operating
Filed
Oct 28, 8:00 PM ET
Accepted
Oct 29, 5:59 PM ET
Size
10.7 KB
Accession
0001140361-15-038978
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Sundaram Mahesh
VP, Worldwide OEM Sales
Transactions
- Exercise/Conversion
Common Stock
2015-10-27+16,667→ 16,667 total - Tax Payment
Common Stock
2015-10-28$11.01/sh−14$154→ 10,329 total - Exercise/Conversion
Restricted Stock Units
2015-10-27−16,667→ 33,333 totalExercise: $0.00→ Common Stock (16,667 underlying) - Tax Payment
Common Stock
2015-10-28$11.03/sh−6,324$69,754→ 10,343 total
Footnotes (3)
- [F1]Vesting of restricted stock units ("RSUs") granted to the Reporting Person on November 14, 2014.
- [F2]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]1/3 of the RSUs vested on October 27, 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
- Oct 28, 8:00 PM ET
- Accepted
- Oct 29, 5:59 PM ET
- Size
- 10.7 KB