Akerman Aaron 4
4 · IMMERSION CORP · Filed May 12, 2023
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Akerman Aaron
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2023-05-10+1,875→ 47,176 total - Tax Payment
Common Stock
2023-05-11$6.98/sh−1,006$7,022→ 46,170 total - Exercise/Conversion
Performance-based Restricted Stock Units
2023-05-10−1,875→ 15,000 totalExp: 2025-11-10→ Common Stock (1,875 underlying)
Footnotes (3)
- [F1]Performance-Based Restricted stock Units ("PSUs") convert into common stock on a one-for-one basis.
- [F2]Grant of 30,000 PSUs, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between November 10, 2020 and November 10, 2025; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a four (4) year-period commencing on November 10, 2020.
- [F3]Represents the number of shares automatically sold, on a non-discretionary basis, to cover tax withholding obligation in connection with the vesting of the PSUs.