Form 4 for IMMR IMMERSION CORP
Accepted 2024-07-02 00:00:00 ET · period of report 2024-06-28 · accession 0001213900-24-058712 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-07-02 | 2024-06-28+ | IMMR | MARTIN WILLIAM C | Chief Strategy Off, Dir | A - Grant | $0.00 | +203.7K | 1.27M | +19% | $0 |
| DM | 2024-07-02 | 2024-07-01 | IMMR | MARTIN WILLIAM C | Chief Strategy Off, Dir | F - Tax | $9.46 | -57.0K | 1.07M | -5% | -$539.2K |
| D | 2024-07-02 | 2024-07-01 | IMMR | MARTIN WILLIAM C | Chief Strategy Off, Dir | M - OptEx | $0.00 | +100.0K | 1.17M | +9% | $0 |
| D | 2024-07-02 | 2024-07-01 | IMMR | MARTIN WILLIAM C | Chief Strategy Off, Dir | M - OptEx | $0.00 | -100.0K | 100.0K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-06-28 | A | A | 53,678 | $0.00 | 1,079,067 | D | — | — | (F1) Common stock issued to the Reporting Person in lieu of salary earned during the three months ended June 30, 2024 less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total number of shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended June 30, 2024, subtracting applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law, and dividing the remainder by the closing price on June 28, 2024. |
| 2 | Common | Common Stock | 2024-07-01 | F | D | 45,600 | $9.46 | 1,122,067 | D | — | — | (F4) Represents shares withheld to satisfy the tax withholding obligations upon Performance-Based Restricted Stock Units vesting. |
| 3 | Common | Common Stock | 2024-07-01 | A | A | 150,000 | $0.00 | 1,272,067 | D | — | — | (F5) Represents the grant of 150,000 restricted stock units, 100% of which will vest on the one-year anniversary of July 1, 2024, the effective grant date, or July 1, 2025, subject to the Reporting Person's continued employment with the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's common stock. |
| 4 | Common | Common Stock | 2024-07-01 | F | D | 11,400 | $9.46 | 1,067,667 | D | — | — | (F2) Represents shares withheld to satisfy the tax withholding obligations upon restricted stock units vesting. |
| 5 | Common | Common Stock | 2024-07-01 | M | A | 100,000 | $0.00 | 1,167,667 | D | — | — | (F3) Grant of 300,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022. |
| 6 | Derivative | Performance-based Restricted Stock Units | 2024-07-01 | M | D | 100,000 | $0.00 | 100,000 | D | — · — to 2027-01-01 | 100,000 Common Stock | (F3) Grant of 300,000 Performance-Based Restricted Stock Units, each of which represents a contingent right to receive one share of the Issuer's common stock, with vesting subject to: (a) the achievement of specified levels of the volume weighted average closing prices of the Issuer's common stock during any one hundred (100) day-period between January 1, 2022 and January 1, 2027; and (b) continued employment with the Issuer through the later of each achievement date or service vesting date, which occurs over a three (3) year-period commencing on January 1, 2022. |