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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $ 9 | 03/01/2016 | A | 75,000 | (1) | 03/01/2023 | Common Stock | 75,000 | $ 0 | 75,000 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 9 | 03/01/2016 | A | 75,000 | (2) | 03/01/2023 | Common Stock | 75,000 | $ 0 | 75,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
VIEGAS VICTOR C/O IMMERSION CORP 50 RIO ROBLES SAN JOSE, CA 95134 |
X | CEO |
/s/ Victor Viegas by Amie Peters, Attorney-in-Fact | 03/03/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 25% of the shares vest and become exercisable on March 1, 2017; then 2.0833% of the shares vest and become exercisable monthly thereafter until 100% vested. |
(2) | The 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 1, 2017 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 $11.70 for 30 consecutive trading days following March 1, 2016 and on or prior to March 1, 2018. |