SEC Form 4 · accession 0001140361-15-001114
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Patton
Officer — VP/GM,Content & Media Business
Period of report
Jan 6, 2015
Accepted (ET)
Jan 8, 2015 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058811
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 6, 2015 | M | 3,334 | $0.00 | A | 3,334 | D | |
| Common Stock | Jan 7, 2015 | S | 1,479 | $8.69 | D | 1,855 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Jan 6, 2015 | M | 3,334 | D | — | — | Common Stock | 3,334 | 6,666 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 14, 2014.
- F2The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan to cover required taxes resulting from the vesting of the RSUs.
- F31/3 of the RSUs will vest on January 6, 2015 ("Vest Date"), then an additional 1/3 of the RSUs will vest on each one year anniversary of the Vest Date thereafter. Each RSU represents a contingent right to receive one share of the issuer's common stock.