IMMERSION CORP — Director's Dealing 2019

Nov 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2019-11-01

Reporting Person: Singer Eric (10% Owner)
Reporting Person: VIEX Opportunities Fund, LP Series One (10% Owner)
Reporting Person: VIEX GP, LLC (10% Owner)
Reporting Person: VIEX Special Opportunities Fund II, LP (10% Owner)
Reporting Person: VIEX Special Opportunities GP II, LLC (10% Owner)
Reporting Person: VIEX Capital Advisors, LLC (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-01	Put Option (right to sell)	$10.00	J	3106	Acquired	2019-11-15	Common Stock (310600)	Indirect
2019-11-01	Put Option (obligation to buy)	$10.00	E	3106	Disposed	2019-11-15	Common Stock (310600)	Indirect

Footnotes

F1: This Form 4 is filed jointly by VIEX Opportunities Fund, LP - Series One ("Series One"), a series of VIEX Opportunities Fund, LP, VIEX Special Opportunities Fund II, LP ("VSO II"), VIEX GP, LLC ("VIEX GP"), VIEX Special Opportunities GP II, LLC ("VSO GP II"), VIEX Capital Advisors, LLC ("VIEX Capital"), and Eric Singer (collectively, the "Reporting Persons").

F2: On November 1, 2019, VSO II acquired put options (the "Long Puts") to cover certain previously reported short put options referencing the common stock of Immersion Corporation (the "Issuer") written by VSO II prior to the Reporting Persons acquiring greater than 10% beneficial ownership of the Issuer's common stock (the "Short Puts") and becoming subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended. The purchase of Long Puts to cover the Short Puts resulted in the cancellation of both the Short Puts and the Long Puts.

F3: (continued from footnote 2) As the Short Puts were written prior to the Reporting Persons becoming subject to Section 16, their cancellation should not be subject to Section 16(b) pursuant to the court's reasoning in Roth v. Goldman Sachs Group, Inc., 740 F.3d 865 (2d Cir. 2014). VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II. VIEX Capital, as the investment manager of VSO II, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II. Mr. Singer, as the managing member of each of VSO GP II and VIEX Capital, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II.

F4: Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or 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 securities for purposes of Section 16 or for any other purpose.

F5: These options were exercisable upon issuance.