SEC Form 4 · accession 0001140361-18-031011
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl Schlachte
Officer — Interim CEO · Director
Period of report
Jun 28, 2018
Accepted (ET)
Jul 2, 2018 · 7:16 pm EDT
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 | Jun 28, 2018 | M | 40,000 | $9.20 | A | 57,307 | D | |
| Common Stock | Jun 28, 2018 | F | 29,421 | $15.49 | D | 27,886 | 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 | $9.20 | Jun 28, 2018 | M | 40,000 | D | — | Jul 15, 2018 | Common Stock | 40,000 | 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 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person, and as payment of the exercise price of the stock option. The shares that were relinquished by the Reporting Person as payment of such exercise price were equal in value to the exercise price of the stock option. 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.