SEC Form 4 · accession 0001140361-15-010567
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
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 6:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058811
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1 | $8.09 | Mar 3, 2015 | A | 10,000 | A | — | Mar 3, 2022 | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitsF2 | $0.00 | Mar 3, 2015 | A | 5,000 | A | — | — | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F125% of the shares will vest and become exercisable on March 3, 2016; then 2.0833% of the shares will vest and become exercisable monthly thereafter until 100% vested.
- F21/3 of the restricted stock units ("RSUs") will vest on March 3, 2016 ("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.