SEC Form 4 · accession 0001140361-17-010528
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anne Marie Peters
Officer — GC,SVP,IP Licensing&LegalAffrs
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:24 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 | Mar 1, 2017 | M | 2,500 | $0.00 | A | 57,521 | D | |
| Common Stock | Mar 2, 2017 | S | 13 | $11.035 | D | 57,508 | D | |
| Common Stock | Mar 2, 2017 | S | 1,063 | $10.96 | D | 56,445 | 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,F4 | $0.00 | Mar 1, 2017 | M | 2,500 | D | — | — | Common Stock | 2,500 | 5,000 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person on March 1, 2016.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan to cover required taxes resulting from the vesting of the RSUs.
- F3Each RSU represents a contingent right to receive one share of the issuer's common stock.
- F41/3 of the RSUs vested on March 1, 2017 ("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.