SCHLACHTE CARL 4
4 · IMMERSION CORP · Filed Jul 2, 2018
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
SCHLACHTE CARL
Director
Transactions
- Exercise/Conversion
Common Stock
2018-06-28$9.20/sh+40,000$368,000→ 57,307 total - Exercise/Conversion
Non-qualified Stock Option (right to buy)
2018-06-28−40,000→ 0 totalExercise: $9.20Exp: 2018-07-15→ Common Stock (40,000 underlying) - Tax Payment
Common Stock
2018-06-28$15.49/sh−29,421$455,731→ 27,886 total
Footnotes (2)
- [F1]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 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, and as payment of the exercise price of the stock option. The shares that were relinquished by the Reporting Person as payment of such exercise price were equal in value to the exercise price of the stock option. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any other reason.
- [F2]The stock option grant is 100% vested and exercisable.