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IMMERSION CORP — Director's Dealing 2024
Aug 8, 2024
33559_dirs_2024-08-07_025c7458-cac9-4c97-ac3f-c886ce6df86d.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: 2024-08-06
Reporting Person: Singer Eric (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-06 | Common Stock | M | 100000 | — | Acquired | 1882543 | Direct |
| 2024-08-07 | Common Stock | F | 19676 | $10.23 | Disposed | 1862867 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-06 | Performance-based Restricted Stock Units | $ | M | 100000 | Disposed | 2027-01-01 | Common Stock (100000) | Direct |
Footnotes
F1: Grant of 300,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022.
F2: Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting.