IMMERSION CORP — Director's Dealing 2022

Jan 29, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMMERSION CORP (IMMR)
CIK: 0001058811
Period of Report: 2022-01-28

Reporting Person: MARTIN WILLIAM C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-27	Common Stock, $0.001 par value	A	26151	—	Acquired	58181	Direct
2022-01-27	Common Stock, $0.001 par value	A	300000	—	Acquired	358181	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-27	Performance-Based Restricted Stock Units	$	A	300000	Acquired	2027-01-01	Common Stock (300000)	Direct

Footnotes

F1: Represents a grant of restricted stock, 100% of which will vest, subject to continued service through the vesting date, on the earlier of (i) the one-year anniversary of May 13, 2021 or (ii) the date of the Issuer's 2022 annual meeting of stockholders, subject to acceleration in full upon certain change of control events.

F2: Represents a grant of restricted stock, 1/12th of the total number of shares (25,000 shares) will vest each quarterly period following the Vesting Start Date of January 1, 2022.Vesting is subject to acceleration upon occurrence of certain events.

F3: Grant of 300,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of common stock of Issuer, with vesting subject to the achievement of specified levels of the volume weighted average closing prices of a share of Issuer's common stock during any one hundred (100) day trading period between January 1, 2022 and January 1, 2027 (each, a "Performance Milestone"). Upon achievement of a Performance Milestone, vesting is subject to continued service with the Issuer through the applicable vesting date, which occurs in quarterly installments following the Vesting Start Date of January 1, 2022.Vesting is subject to acceleration upon occurrence of certain events.