Smith Jared 4
4 · IMMERSION CORP · Filed Mar 11, 2021
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Smith Jared
See Remarks
Transactions
- Tax Payment
Common Stock
2021-03-10$10.37/sh−6,657$69,033→ 32,284 total - Exercise/Conversion
Common Stock
2021-03-09+17,676→ 38,941 total - Exercise/Conversion
Restricted Stock Units
2021-03-09−17,676→ 35,350 total→ Common Stock (17,676 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]2,000 shares were purchased on January 31st, 2021 at a price of $5.7375 per share under the Issuer's Employee Stock Purchase Plan.
- [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 RSUs.
- [F4]On March 9, 2020, the Reporting Person was granted 55,062 RSUs, 1/3 of which vested on March 9, 2021, and an additional 1/3 of the RSUs will vest annually thereafter, subject to Reporting Person's continued service through each such date.