SEC Form 4 · accession 0001140361-17-024079
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Viegas
Officer — President and CEO · Director
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 6:25 pm EDT
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 | $8.65 | Jun 2, 2017 | A | 120,830 | A | — | Jun 2, 2024 | Common Stock | 120,830 | 120,830 | D |
| Non-Qualified Stock Option (Right to Buy)F2 | $8.65 | Jun 2, 2017 | A | 120,830 | A | — | Jun 2, 2024 | Common Stock | 120,830 | 120,830 | D |
Explanation of responses
- F125% of the shares vested and became exercisable on March 7, 2018; then 2.0833% of the shares vested and became exercisable monthly thereafter until 100% vested, subject to continued service through each vesting date.
- 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 7, 2018 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 $11.25 for 30 consecutive trading days following March 7, 2017 and on or prior to March 7, 2019, subject to continued service through each vesting date.