SEC Form 4 · accession 0001567619-19-004675
IMMERSION CORP · IMMR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ramzi Haidamus
Officer — President and CEO · Director
Period of report
Feb 14, 2019
Accepted (ET)
Feb 15, 2019 · 6:25 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Feb 14, 2019 | A | 281,762 | A | — | — | Common Stock | 281,762 | 281,762 | D |
| Non-qualified stock option (right to buy)F2 | $9.82 | Feb 14, 2019 | A | 268,992 | A | — | Feb 14, 2026 | Common Stock | 268,992 | 268,992 | D |
Explanation of responses
- F11/4 of the restricted stock units ("RSUs") will vest on January 21, 2020 ("Vest Date"), then an additional 1/16 of the RSUs will vest on each quarterly anniversary of the Vest Date thereafter, subject to continued service through each vesting date. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F21/4 of the shares will vest and become exercisable on January 21, 2020; then 1/48 of the shares will vest and become exercisable monthly thereafter until 100% vested, subject to continued service through each vesting date.