SEC Form 4 · accession 0001140361-16-056395
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Viegas
Officer — CEO · Director
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:23 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 | $9.00 | Mar 1, 2016 | A | 75,000 | A | — | Mar 1, 2023 | Common Stock | 75,000 | 75,000 | D |
| Non-Qualified Stock Option (right to buy)F2 | $9.00 | Mar 1, 2016 | A | 75,000 | A | — | Mar 1, 2023 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F125% of the shares vest and become exercisable on March 1, 2017; then 2.0833% of the shares vest and become exercisable monthly thereafter until 100% vested.
- F2The shares subject to the performance option shall vest according to a time vesting schedule with 25% of the shares subject to the option vesting on March 1, 2017 and 2.0833% of the shares subject to the option vesting monthly thereafter, but only if the closing price of a share of the Issuer's common stock as reported on the Nasdaq Global Market is equal to or exceeds $11.70 for 30 consecutive trading days following March 1, 2016 and on or prior to March 1, 2018.