Sundaram Mahesh 4
4 · IMMERSION CORP · Filed Oct 31, 2017
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Sundaram Mahesh
VP, Worldwide OEM Sales
Transactions
- Tax Payment
Common Stock
2017-10-31$8.14/sh−6,243$50,818→ 10,423 total - Exercise/Conversion
Restricted Stock Units
2017-10-27−16,666→ 0 totalExercise: $0.00→ Common Stock (16,666 underlying) - Exercise/Conversion
Common Stock
2017-10-27+16,666→ 16,666 total
Footnotes (4)
- [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]Each RSU represents a contingent right to receive one share of the issuer's common stock.
- [F4]1/3 of the RSUs vested on October 27, 2015 ("Vest Date"), and an additional 1/3 of the RSUs vested on each one year anniversary of the Vest Date thereafter.