IMMERSION CORP — Director's Dealing 2010

Dec 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2010-12-20

Reporting Person: Ramius LLC (10% Owner)
Reporting Person: RAMIUS ADVISORS LLC (10% Owner)
Reporting Person: RCG PB, Ltd (10% Owner)
Reporting Person: RAMIUS VALUE & OPPORTUNITY MASTER FUND LTD (10% Owner)
Reporting Person: RAMIUS ENTERPRISE MASTER FUND LTD (10% Owner)
Reporting Person: Ramius Value & Opportunity Advisors LLC (10% Owner)
Reporting Person: Ramius Navigation Master Fund Ltd (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-20	Common Stock, $0.001 par value	S	3588	$6.1000	Disposed	467895	Indirect
2010-12-20	Common Stock, $0.001 par value	S	179	$6.1024	Disposed	467716	Indirect
2010-12-21	Common Stock, $0.001 par value	S	58840	$6.1000	Disposed	408876	Indirect
2010-12-21	Common Stock, $0.001 par value	S	2692	$6.1551	Disposed	406184	Indirect
2010-12-22	Common Stock, $0.001 par value	S	2339	$6.0458	Disposed	403845	Indirect
2010-12-20	Common Stock, $0.001 par value	S	11928	$6.1000	Disposed	1555636	Indirect
2010-12-20	Common Stock, $0.001 par value	S	597	$6.1024	Disposed	1555039	Indirect
2010-12-21	Common Stock, $0.001 par value	S	195627	$6.1000	Disposed	1359412	Indirect
2010-12-21	Common Stock, $0.001 par value	S	8951	$6.1551	Disposed	1350461	Indirect
2010-12-22	Common Stock, $0.001 par value	S	7746	$6.0458	Disposed	1342715	Indirect
2010-12-20	Common Stock, $0.001 par value	S	9484	$6.1000	Disposed	1236802	Indirect
2010-12-20	Common Stock, $0.001 par value	S	474	$6.1024	Disposed	1236328	Indirect
2010-12-21	Common Stock, $0.001 par value	S	155533	$6.1000	Disposed	1080795	Indirect
2010-12-21	Common Stock, $0.001 par value	S	7117	$6.1551	Disposed	1073678	Indirect
2010-12-22	Common Stock, $0.001 par value	S	6155	$6.0458	Disposed	1067523	Indirect

Footnotes

F1: Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.

F2: Each Reporting Person (other than Ramius Value and Opportunity Master Fund Ltd, Ramius Navigation Master Fund Ltd and RCG PB, Ltd) disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

F3: Shares of Common Stock beneficially owned by Navigation Master Fund. Enterprise Master Fund, as the sole shareholder of Navigation Master Fund, may be deemed to beneficially own the shares of Common Stock beneficially owned by Navigation Master Fund. Ramius Advisors, LLC (Ramius Advisors), as the investment advisor of Navigation Master Fund, may be deemed to beneficially own the shares of Common Stock beneficially owned by Navigation Master Fund. Ramius LLC (Ramius), as the sole member of Ramius Advisors, may be deemed to beneficially own the shares of Common Stock beneficially owned by Navigation Master Fund.

F4: Shares of Common Stock beneficially owned by Ramius Value and Opportunity Master Fund Ltd (Value and Opportunity Master Fund). As the investment manager of Value and Opportunity Master Fund, Ramius Value and Opportunity Advisors LLC (Value and Opportunity Advisors) (f/k/a RCG Starboard Advisors, LLC) may be deemed to beneficially own the shares of Common Stock beneficially owned by Value and Opportunity Master Fund. Ramius, as the sole member of Value and Opportunity Advisors, may be deemed to beneficially own the shares of Common Stock beneficially owned by Value and Opportunity Master Fund.

F5: Shares of Common Stock beneficially owned by RCG PB. Ramius Advisors, as the investment advisor of RCG PB, may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG PB. Ramius, as the sole member of Ramius Advisors, may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG PB.