FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
IMMERSION CORP [ IMMR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/18/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, $0.001 par value | 07/18/2019 | X(2)(3) | 2,500 | A | $10 | 1,552,998(4) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) | ||
Common Stock, $0.001 par value | 08/06/2019 | X(2)(3) | 19,100 | A | $10 | 1,579,598(4) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) | ||
Common Stock, $0.001 par value | 08/07/2019 | X(2)(3) | 12,500 | A | $10 | 1,592,098(4) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) | ||
Common Stock, $0.001 par value | 1,195,134 | I | By VIEX Opportunities Fund, LP - Series One(1)(5)(6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Put Option (obligation to buy) | $10 | 07/18/2019 | X(2)(3) | 25 | (7) | 08/16/2019 | Common Stock | 2,500 | $0.00 | 975(8) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) | |||
Put Option (obligation to buy) | $10 | 08/06/2019 | X(2)(3) | 191 | (7) | 08/16/2019 | Common Stock | 19,100 | $0.00 | 709(8) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) | |||
Put Option (obligation to buy) | $10 | 08/07/2019 | X(2)(3) | 125 | (7) | 08/16/2019 | Common Stock | 12,500 | $0.00 | 584(8) | I | By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6) |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. This Form 4 is filed jointly by VIEX Opportunities Fund, LP - Series One ("Series One"), a series of VIEX Opportunities Fund, LP, VIEX Special Opportunities Fund II, LP ("VSO II"), VIEX GP, LLC ("VIEX GP"), VIEX Special Opportunities GP II, LLC ("VSO GP II"), VIEX Capital Advisors, LLC ("VIEX Capital"), and Eric Singer (collectively, the "Reporting Persons"). |
2. Shares of Common Stock of Immersion Corporation (the "Issuer") beneficially owned directly by VSO II or options sold by VSO II. The transactions reported herein represent the exercise on July 18, 2019 of 25 put option contracts sold by VSO II, the exercise on August 6, 2019 of 191 put option contracts sold by VSO II and the exercise on August 7, 2019 of 125 put option contracts sold by VSO II, each contract representing 100 shares of Issuer Common Stock, by the counterparty and the acquisition of the shares underlying such put options by VSO II. VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II. VIEX Capital, as the investment manager of VSO II, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II. |
3. (continued from footnote 2) Mr. Singer, as the managing member of each of VSO GP II and VIEX Capital, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by VSO II. |
4. The amount reported in Column 5 of Table I following the July 18, 2019 exercise of put options reflects the amount beneficially owned following that transaction. The amounts reported in Column 5 of Table I following the August 6, 2019 and August 7, 2019 exercises of put options reflect the amounts beneficially owned following those transactions and take into account the transactions reported on the Form 4 filed on August 6, 2019. |
5. Shares of Common Stock of the Issuer beneficially owned directly by Series One. VIEX GP, as the general partner of Series One, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One. VIEX Capital, as the investment manager of Series One, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One. Mr. Singer, as the managing member of each of VIEX GP and VIEX Capital, may be deemed the beneficial owner of the shares of Common Stock of the Issuer beneficially owned by Series One. |
6. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose. |
7. These options are currently exercisable. |
8. The amount reported in Column 9 of Table II following the July 18, 2019 exercise of put options reflects the number of put option contracts outstanding following such exercise. The amounts reported in Column 9 of Table II following the August 6, 2019 and August 7, 2019 exercises of put options reflect the number of put option contracts outstanding following such exercises, taking into account the transactions reported on the Form 4 filed on August 6, 2019. |
Remarks: |
ERIC SINGER, Name: /s/ Eric Singer | 08/08/2019 | |
VIEX OPPORTUNITIES FUND, LP - SERIES ONE, By: VIEX GP, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member | 08/08/2019 | |
VIEX GP, LLC, Name: /s/ Eric Singer, Title: Managing Member | 08/08/2019 | |
VIEX SPECIAL OPPORTUNITIES FUND II, LP, By: VIEX Special Opportunities GP II, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member | 08/08/2019 | |
VIEX SPECIAL OPPORTUNITIES GP II, LLC, Name: /s/ Eric Singer, Title: Managing Member | 08/08/2019 | |
VIEX CAPITAL ADVISORS, LLC, Name: /s/ Eric Singer, Title: Managing Member | 08/08/2019 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |