VIEX Capital Advisors Form 4 IMMERSION / Opportunities Fund, LP Series One VIEX ownership change

SEC Form 4

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^*

Singer Eric

(Last) (First) (Middle)

C/O VIEX CAPITAL ADVISORS, LLC

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	11/15/2019		X(2)(3)		220,500	A	$2.5	2,025,398	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Common Stock, $0.001 par value	11/15/2019		X(2)(3)		233,200	A	$5	2,258,598	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Common Stock, $0.001 par value	11/15/2019		X(2)(3)		129,300	A	$7.5	2,387,898	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Common Stock, $0.001 par value								1,357,934	I	By VIEX Opportunities Fund, LP - Series One(1)(4)(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 (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
Call Option (right to buy)	$2.5	11/15/2019		X(2)(3)			2,205	(7)	11/15/2019	Common Stock	220,500	$0	0	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Call Option (right to buy)	$5	11/15/2019		X(2)(3)			2,332	(7)	11/15/2019	Common Stock	233,200	$0	0	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Put Option (obligation to buy)	$7.5	11/15/2019		X(2)(3)			1,293	(7)	11/15/2019	Common Stock	129,300	$0	0	I	By VIEX Special Opportunities Fund II, LP(1)(2)(3)(6)
Put Option (obligation to buy)	$7.5	11/15/2019		E(5)			707	(7)	11/15/2019	Common Stock	70,700	$0	0	I	By VIEX Special Opportunities Fund II, LP(1)(3)(5)(6)

1. Name and Address of Reporting Person^*

Singer Eric

(Last) (First) (Middle)

C/O VIEX CAPITAL ADVISORS, LLC

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VIEX Opportunities Fund, LP Series One

(Last) (First) (Middle)

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VIEX GP, LLC

(Last) (First) (Middle)

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VIEX Special Opportunities Fund II, LP

(Last) (First) (Middle)

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VIEX Special Opportunities GP II, LLC

(Last) (First) (Middle)

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

VIEX Capital Advisors, LLC

(Last) (First) (Middle)

745 BOYLSTON STREET, 3RD FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

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 purchased or sold by VSO II. These transactions represent (i) the exercise on November 15, 2019 of 2,205 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, (ii) the exercise on November 15, 2019 of 2,332 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 (iii) the exercise on November 15, 2019 of 1,293 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.

3. (continued from footnote 2) VSO GP II, as the general partner of VSO II, may be deemed the beneficial owner of the 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 the 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 the securities of the Issuer beneficially owned by VSO II.

4. 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.

5. On November 15, 2019, 707 put option contracts sold by VSO II, each contract representing 100 shares of Issuer Common Stock, expired. As such put option contracts were written prior to the Reporting Persons becoming subject to Section 16, their expiration 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).

6. 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.

7. These options were exercisable upon issuance.

	/s/ Eric Singer	11/19/2019
	VIEX OPPORTUNITIES FUND, LP - SERIES ONE, By VIEX GP, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member	11/19/2019
	VIEX GP, LLC, Name: /s/ Eric Singer, Title: Managing Member	11/19/2019
	VIEX SPECIAL OPPORTUNITIES FUND II, LP, By VIEX Special Opportunities GP II, LLC, its General Partner, Name: /s/ Eric Singer, Title: Managing Member	11/19/2019
	VIEX SPECIAL OPPORTUNITIES GP II, LLC, Name: /s/ Eric Singer, Title: Managing Member	11/19/2019
	VIEX CAPITAL ADVISORS, LLC, Name: /s/ Eric Singer, Title: Managing Member	11/19/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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