Akerman Aaron 4
4 · IMMERSION CORP · Filed Nov 15, 2022
Insider Transaction Report
Form 4
IMMERSION CORPIMMR
Akerman Aaron
See Remarks
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Units
2022-11-10−1,875→ 15,000 totalExp: 2025-11-10→ Common Stock (1,875 underlying) - Exercise/Conversion
Common Stock
2022-11-10+1,875→ 34,044 total - Sale
Common Stock
2022-11-14$6.00/sh−873$5,238→ 33,171 total
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]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.
- [F3]Grant of 30,000 Performance-Based Restricted Stock Units, 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.