SEC Form 4 · accession 0001140361-15-044187
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack L Saltich
Director
Period of report
Dec 9, 2015
Accepted (ET)
Dec 10, 2015 · 5:13 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 | Dec 9, 2015 | M | 10,000 | $6.95 | A | 82,216 | D | |
| Common Stock | Dec 9, 2015 | F | 5,503 | $12.63 | D | 76,713 | D |
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)F2 | $6.95 | Dec 9, 2015 | M | 10,000 | D | — | Feb 26, 2016 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed in this Form 4 are equal in value to the exercise price of the stock option, and were relinquished by the Reporting Person and cancelled by the Issuer as payment of such exercise price. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any other reason.
- F2The stock option grant is 100% vested and exercisable.