4//SEC Filing
IMMERSION CORP 4
Accession 0001140361-16-055235
$IMMRCIK 0001058811operating
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 5:06 PM ET
Size
10.9 KB
Accession
0001140361-16-055235
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Norris Paul F
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2016-02-24+3,333→ 9,104 total - Tax Payment
Common Stock
2016-02-25$7.49/sh−1,477$11,063→ 7,627 total - Tax Payment
Common Stock
2016-02-25$7.44/sh−42$312→ 7,585 total - Exercise/Conversion
Restricted Stock Units
2016-02-24−3,333→ 3,333 totalExercise: $0.00→ Common Stock (3,333 underlying)
Footnotes (4)
- [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]Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F4]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, 5:06 PM ET
- Size
- 10.9 KB