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IMMERSION CORP — Director's Dealing 2021
Mar 13, 2021
33559_dirs_2021-03-12_cc380582-4edb-4d9d-951c-bc1db200e628.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2021-03-12
Reporting Person: Singer Eric (Director)
Reporting Person: VIEX Special Opportunities Fund II, LP (See Explanation of Responses)
Reporting Person: VIEX Special Opportunities GP II, LLC (See Explanation of Responses)
Reporting Person: VIEX Capital Advisors, LLC (See Explanation of Responses)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-12 | Common Stock, $0.001 par value | S | 100000 | $10.6914 | Disposed | 498879 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.001 par value | 22763 | Direct |
Footnotes
F1: Includes 18,543 Shares underlying unvested restricted stock granted to Eric Singer in connection with his service on Immersion Corporation's (the "Issuer") board of directors.
F2: This Form 4 is filed jointly by VIEX Special Opportunities Fund II, LP ("VSO II"), VIEX Special Opportunities GP II, LLC ("VSO GP II"), VIEX Capital Advisors, LLC ("VIEX Capital"), and Eric Singer (collectively, the "Reporting Persons").
F3: Securities of the Issuer beneficially owned directly by VSO II. VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of the 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 the 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 the securities of the Issuer beneficially owned by VSO II.
F4: The price reported is a weighted average price. These Shares were sold in multiple transactions at prices ranging from $10.5400 to $10.8100 per Share. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares sold at each separate price within the range set forth in this footnote 4.
F5: 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.