IMMERSION CORP — Director's Dealing 2019

Aug 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2019-07-18

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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-18	Common Stock, $0.001 par value	X	2500	$10.00	Acquired	1552998	Indirect
2019-08-06	Common Stock, $0.001 par value	X	19100	$10.00	Acquired	1579598	Indirect
2019-08-07	Common Stock, $0.001 par value	X	12500	$10.00	Acquired	1592098	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-18	Put Option (obligation to buy)	$10.00	X	25	Disposed	2019-08-16	Common Stock (2500)	Indirect
2019-08-06	Put Option (obligation to buy)	$10.00	X	191	Disposed	2019-08-16	Common Stock (19100)	Indirect
2019-08-07	Put Option (obligation to buy)	$10.00	X	125	Disposed	2019-08-16	Common Stock (12500)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value	1195134	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: Shares of Common Stock of Immersion Corporation (the "Issuer") beneficially owned directly by VSO II or options sold by VSO II. The transactions reported herein represent the exercise on July 18, 2019 of 25 put option contracts sold by VSO II, the exercise on August 6, 2019 of 191 put option contracts sold by VSO II and the exercise on August 7, 2019 of 125 put option contracts sold by VSO II, each contract representing 100 shares of Issuer Common Stock, by the counterparty and the acquisition of the shares underlying such put options by VSO II. VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II. VIEX Capital, as the investment manager of VSO II, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II.

F3: (continued from footnote 2) Mr. Singer, as the managing member of each of VSO GP II and VIEX Capital, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II.

F4: The amount reported in Column 5 of Table I following the July 18, 2019 exercise of put options reflects the amount beneficially owned following that transaction. The amounts reported in Column 5 of Table I following the August 6, 2019 and August 7, 2019 exercises of put options reflect the amounts beneficially owned following those transactions and take into account the transactions reported on the Form 4 filed on August 6, 2019.

F5: Shares of Common Stock of the Issuer beneficially owned directly by Series One. VIEX GP, as the general partner of Series One, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One. VIEX Capital, as the investment manager of Series One, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One. Mr. Singer, as the managing member of each of VIEX GP and VIEX Capital, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One.

F6: Each Reporting Person disclaims beneficial ownership of the shares of Common Stock 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 shares of Common Stock for purposes of Section 16 or for any other purpose.

F7: These options are currently exercisable.

F8: The amount reported in Column 9 of Table II following the July 18, 2019 exercise of put options reflects the number of put option contracts outstanding following such exercise. The amounts reported in Column 9 of Table II following the August 6, 2019 and August 7, 2019 exercises of put options reflect the number of put option contracts outstanding following such exercises, taking into account the transactions reported on the Form 4 filed on August 6, 2019.