Edgar Filing: IMMERSION CORP

Ownership Submission

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 OF SECURITIES

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

BALYASNY ASSET MANAGEMENT LLC

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)

, 135 E. 57TH STREET, 27TH FL

3. Date of Earliest Transaction (Month/Day/Year)
05/30/2008

(Street)

NEW YORK, NY 10022

4. If Amendment, Date 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

(City)

(State)

(Zip)

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	05/30/2008	06/04/2008	S		50,000	D	$ 8.57	3,030,116	I	See footnotes ⁽¹⁾ ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
BALYASNY ASSET MANAGEMENT LLC 135 E. 57TH STREET, 27TH FL NEW YORK, NY 10022		X
Atlas Master Fund, Ltd. C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL NEW YORK, NY 10022				Group Member
ATLAS GLOBAL INVESTMENTS LTD C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL NEW YORK, NY 10022				Group Member
Atlas Global, LLC C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL NEW YORK, NY 10022				Group Member
Atlas Institutional Fund, LTD C/O BALYASNY ASSET MANAGEMENT LP 135 E. 57TH STREET, 27TH FL NEW YORK, NY 10022				Group Member
Balyasny Dmitry 181 W. MADISON STREET; SUITE 3600 CHICAGO, IL 60602				Group Member

Signatures

/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR BALYASNY ASSET MANAGEMENT L.P.		06/09/2008
^**Signature of Reporting Person		Date
/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS MASTER FUND, LTD.		06/09/2008
^**Signature of Reporting Person		Date
/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL INVESTMENTS, LTD		06/09/2008
^**Signature of Reporting Person		Date
/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS GLOBAL, LLC.		06/09/2008
^**Signature of Reporting Person		Date
/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR ATLAS INSTITUTIONAL FUND, LTD		06/09/2008
^**Signature of Reporting Person		Date
/s/ SCOTT SCHROEDER, AUTHORIZED SIGNATORY FOR DMITRY BALYASNY		06/09/2008
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	These shares are held as follows: Atlas Master Fund, Ltd. ("AMF") owns 100% or 3,030,116 shares. Additionally, Balyasny Asset Management LP ("BAM") by virtue of its position as Investment Advisor to Atlas Master Fund, Ltd. ("AMF"), Atlas Global Investments, Ltd. ("AGI"), Atlas Global LLC ("AG"), Atlas Institutional Fund, Ltd. ("AIF") may be deemed to beneficially own all 3,080,116 shares of Common Stock. Dmitry Balyasny may also be deemed to beneficially own all 3,030,116 shares by virtue of his controlling interest in BAM.
(2)	By virtue of Atlas Global Investments, Ltd. ("AGI"), ownership of 87% of the equity interest in AMF, AGI may be deemed to beneficially own all 3,030,116 shares of Immersion Corporation (IMMR) stock that is beneficially owned by AMF. By virtue of Atlas Global LLC ("AG"), ownership of 12% of the equity interest in AMF, AG may be deemed to beneficially own all 3,030,116 shares of Immersion Corporation (IMMR) stock that is beneficially owned by AMF. By virtue of Atlas Institutional Fund, Ltd. ("AIF") ownership of 1% of the equity interest in AMF, AIF may be deemed to beneficially own all 3,030,116 shares of Immersion Corporation (IMMR) stock that is beneficially owned by AMF.

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