Sec Form 4 Filing - Singer Eric @ IMMERSION CORP - 2019-11-01

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, 745 BOYLSTON STREET, 3RD FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
11/01/2019
(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
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 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Put Option (right to sell) $ 10 11/01/2019 J( 2 )( 3 ) 3,106 ( 5 ) 11/15/2019 Common Stock 310,600 $ 1.9377 0 ( 2 ) ( 3 ) I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 4 )
Put Option (obligation to buy) $ 10 11/01/2019 E( 2 )( 3 ) 3,106 ( 5 ) 11/15/2019 Common Stock 310,600 ( 2 ) ( 3 ) 0 I By VIEX Special Opportunities Fund II, LP ( 1 ) ( 2 ) ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Singer Eric
C/O VIEX CAPITAL ADVISORS, LLC
745 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 11/05/2019
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 11/05/2019
Signature of Reporting Person Date
VIEX GP, LLC, Name: /s/ Eric Singer, Title: Managing Member 11/05/2019
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 11/05/2019
Signature of Reporting Person Date
VIEX SPECIAL OPPORTUNITIES GP II, LLC, Name: /s/ Eric Singer, Title: Managing Member 11/05/2019
Signature of Reporting Person Date
VIEX CAPITAL ADVISORS, LLC, Name: /s/ Eric Singer, Title: Managing Member 11/05/2019
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 )On November 1, 2019, VSO II acquired put options (the "Long Puts") to cover certain previously reported short put options referencing the common stock of Immersion Corporation (the "Issuer") written by VSO II prior to the Reporting Persons acquiring greater than 10% beneficial ownership of the Issuer's common stock (the "Short Puts") and becoming subject to the provisions of Section 16 of the Securities Exchange Act of 1934, as amended. The purchase of Long Puts to cover the Short Puts resulted in the cancellation of both the Short Puts and the Long Puts.
( 3 )(continued from footnote 2) As the Short Puts were written prior to the Reporting Persons becoming subject to Section 16, their cancellation should not be subject to Section 16(b) pursuant to the court's reasoning in Roth v. Goldman Sachs Group, Inc., 740 F.3d 865 (2d Cir. 2014). VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II. VIEX Capital, as the investment manager of VSO II, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II. Mr. Singer, as the managing member of each of VSO GP II and VIEX Capital, may be deemed the beneficial owner of securities of the Issuer beneficially owned by VSO II.
( 4 )Each Reporting Person disclaims beneficial ownership of the securities 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 securities for purposes of Section 16 or for any other purpose.
( 5 )These options were exercisable upon issuance.

Remarks:
The Reporting Persons realized short-swing profits under Section 16(b) of the Securities Exchange Act of 1934, as amended, as a result of the transactions reported herein when matched against purchases by the Reporting Persons in June 2019. On November 5, 2019, the Reporting Persons disgorged $115,013.69 to Immersion Corporation, representing 100% of the short-swing profits realized by the Reporting Persons.

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