Page 11 of 18 – SEC Filing
| Item 1. | Security and Issuer. |
This statement relates to the shares of Common Stock, par value $0.001 per share, of Immersion Corporation (the “Issuer”). The Issuer’s principal executive office is located at 50 Rio Robles, San Jose, California 95134.
| Item 2. | Identity and Background. |
(a) This statement is being filed by (1) Shannon River Partners LP, a Delaware limited partnership (“SRP”), (2) Shannon River Master Fund, L.P., a Cayman Islands exempted limited partnership (“SRMF”), (3) Doonbeg Master Fund, L.P., a Cayman Islands exempted limited partnership (“DMF”), (4) Shannon River Fund Management LLC, a Delaware limited liability company (“SRF Management”), (5) Shannon River Capital Management LLC, a Delaware limited liability company (“SRC Management”), (6) Shannon River Global Management, LLC, a Delaware limited liability company (“SRG Management”), (7) Doonbeg Fund Management, LLC, a Delaware limited liability company (“DF Management”), (8) Doonbeg Global Management, LLC, a Delaware limited liability company (“DG Management”), and (9) Spencer Waxman. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.
Each of (i) SRP, SRMF and DMF and (ii) two funds for which SRF Management serves as sub-advisor collectively hold the shares of Common Stock of the Issuer that are the subject of this statement (the “Common Stock” or the “Shares”). SRC Management serves as the General Partner of each of SRP and SRMF. SRG Management serves as the investment manager of SRMF. SRF Management serves as the investment manager of SRP and serves as the sub-advisor for two other funds. DF Management serves as the general partner of DMF. DG Management serves as the investment manager of DMF. Mr. Waxman is the managing member of each of SRF Management, SRC Management, SRG Management, DF Management and DG Management. As a result, (i) SRC Management and SRF Management each may be deemed to beneficially own the Shares held by SRP, (ii) SRC Management and SRG Management may be deemed to beneficially own the Shares held by SRMF, (iii) DF Management and DG Management may be deemed to beneficially own the Shares held by DMF, and (iv) Spencer Waxman may be deemed to beneficially own the Shares held by SRF Management, SRC Management, SRG Management, DF Management and DG Management.
(b) The principal business address of each of the Reporting Persons is 850 Third Avenue, 13th Floor, New York, New York 10022.
(c) The principal business of each of SRP, SRMF and DMF is acquiring, holding and disposing of investment securities.
The principal business of SRC Management is serving as the general partner of SRP and SRMF.
The principal business of SRF Management is serving as the investment manager of SRP and serving as sub-advisor for two other funds.
The principal business of SRG Management is serving as the investment manager of SRMF.
The principal business of DF Management is serving as the general partner of DMF.
The principal business of DG Management is serving as the investment manager of DMF.
The principal occupation of Mr. Waxman is serving as managing member for each of SRF Management, SRC Management, SRG Management, DF Management and DG Management.
(d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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