Sec Form 4 Filing - Singer Eric @ IMMERSION CORP - 2019-08-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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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1. Name and Address of Reporting Person
Singer Eric
2. Issuer Name and Ticker or Trading Symbol
IMMERSION CORP [ IMMR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O VIEX CAPITAL ADVISORS, LLC, 750 BOYLSTON STREET, 3RD FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
08/16/2019
(Street)
BOSTON, MA02116
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 08/16/2019 X( 2 )( 3 ) 154,000 A $ 5 1,746,498 I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 6 )
Common Stock, $0.001 par value 08/16/2019 X( 4 )( 5 ) 62,800 A $ 5 1,357,934 ( 4 ) ( 5 ) I By VIEX Opportunities Fund, LP - Series One ( 1 ) ( 4 ) ( 5 ) ( 6 )
Common Stock, $0.001 par value 08/16/2019 X( 2 )( 3 ) 58,400 A $ 10 1,804,898 I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 Repo rted 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Call Option (right to buy) $ 5 08/16/2019 X( 2 )( 3 ) 1,544 ( 7 ) 08/16/2019 Common Stock 154,400 $ 0 0 I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 6 )
Call Option (right to buy) $ 5 08/16/2019 X( 4 )( 5 ) 628 ( 7 ) 08/16/2019 Common Stock 62,800 $ 0 0 I By VIEX Opportunities Fund, LP - Series One ( 1 ) ( 4 ) ( 5 ) ( 6 )
Put Option (obligation to buy) $ 10 08/16/2019 X( 2 )( 3 ) 584 ( 7 ) 08/16/2019 Common Stock 58,400 $ 0 0 I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 6 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Singer Eric
C/O VIEX CAPITAL ADVISORS, LLC
750 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
VIEX Opportunities Fund, LP Series One
745 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
VIEX GP, LLC
745 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
VIEX Special Opportunities Fund II, LP
745 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
VIEX Special Opportunities GP II, LLC
745 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
VIEX Capital Advisors, LLC
745 BOYLSTON STREET, 3RD FLOOR
BOSTON, MA02116
X
Signatures
/s/ Eric Singer 08/19/2019
Signature of Reporting Person Date
VIEX OPPORTUNITIES FUND, LP - SERIES ONE, By VIEX GP, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member 08/19/2019
Signature of Reporting Person Date
VIEX GP, LLC, Name: /s/ Eric Singer, Title: Managing Member 08/19/2019
Signature of Reporting Person Date
VIEX SPECIAL OPPORTUNITIES FUND II, LP, By VIEX Special Opportunities GP II, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member 08/19/2019
Signature of Reporting Person Date
VIEX SPECIAL OPPORTUNITIES GP II, LLC, Name: /s/ Eric Singer, Title: Managing Member 08/19/2019
Signature of Reporting Person Date
VIEX CAPITAL ADVISORS, LLC, Name: /s/ Eric Singer, Title: Managing Member 08/19/2019
Signature of Reporting Person Date
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. These transactions represent the exercise on August 16, 2019 of 1,544 call option contracts by VSO II, each contract representing 100 shares of Issuer Common Stock, and the acquisition of the shares underlying such call options by VSO II, and the exercise on August 16, 2019 of 584 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 )Shares of Common Stock of the Issuer beneficially owned di rectly by Series One. These transactions represent the exercise on August 16, 2019 of 628 call option contracts by Series One, each contract representing 100 shares of Issuer Common Stock, and the acquisition of the shares underlying such call options 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.
( 5 )(continued from footnote 4) The Issuer Common Stock holding for Series One reported in the Forms 4 filed on August 6, 2019, and August 8, 2019 should have reflected 1,295,134 shares of Issuer Common Stock as previously reported.
( 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 were presently exercisable.

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