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IMMERSION CORP — Director's Dealing 2024
Apr 2, 2024
33559_dirs_2024-04-02_ed02779c-2643-4a88-a777-b27f01591c1b.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: 2024-03-29
Reporting Person: MARTIN WILLIAM C (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-29 | Common Stock | A | 6517 | — | Acquired | 883265 | Direct |
| 2024-04-01 | Common Stock | A | 100000 | — | Acquired | 983265 | Direct |
| 2024-04-01 | Common Stock | F | 10683 | $7.53 | Disposed | 972582 | Direct |
Footnotes
F1: Common stock issued to the Reporting Person in lieu of salary earned during the three months ended March 31, 2024 less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended March 31, 2024, subtracting applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price on March 28, 2024.
F2: Represents the grant of 100,000 restricted stock units, 100% of which will vest on the one-year anniversary of April 1, 2024, the effective grant date, or April 1, 2025, subject to the Reporting Person's continued employment with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
F3: Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting.