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*
TORO 18 HOLDINGS LLC

(Last) (First) (Middle)
2999 N.E. 191ST STREET, SUITE 610

(Street)
AVENTURA FL 33180

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL ELECTRONICS INC [ UEIC ]
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)
12/05/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
12/06/2023
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(1) 12/05/2023 P 14,880(3) A $7.7311(3)(4) 1,533,366(3) D(2)
Common Stock(1) 12/06/2023 P 11,281 A $7.6 1,544,647(5) D(2)
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
1. Name and Address of Reporting Person*
TORO 18 HOLDINGS LLC

(Last) (First) (Middle)
2999 N.E. 191ST STREET, SUITE 610

(Street)
AVENTURA FL 33180

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
IMMERSION CORP

(Last) (First) (Middle)
2999 N.E. 191ST STREET, SUITE 610

(Street)
AVENTURA FL 33180

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
MARTIN WILLIAM C

(Last) (First) (Middle)
C/O IMMERSION CORPORATION
2999 N.E. 191ST STREET, SUITE 610

(Street)
AVENTURA FL 33180

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Singer Eric

(Last) (First) (Middle)
C/O IMMERSION CORPORATION
2999 N.E. 191ST STREET, SUITE 610

(Street)
AVENTURA FL 33180

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This Form 4/A is filed jointly by Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion"), William C. Martin and Eric Singer (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
2. Securities owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Martin, as the Chief Strategy Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.
3. On December 6, 2023, the Reporting Persons filed a Form 4 (the "Form 4") which reported that Toro 18 purchased 14,380 shares of Common Stock on December 5, 2023 at an average price of $7.7308 per share, and that Toro 18 owned directly 1,532,866 shares of Common Stock following the transaction. In fact, as reported in this amendment, Toro 18 purchased 14,880 shares of Common Stock on December 5, 2023 at an average price of $7.7311 per share, and Toro 18 owned directly 1,533,366 shares of Common Stock following the transaction.
4. The price reported in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.6800 to $7.7400. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commision, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
5. On December 6, 2023, the Reporting Persons filed the Form 4 reporting that Toro 18 owned directly 1,544,147 shares of Common Stock following the transaction on December 6, 2023. In fact, as reported in this amendment, Toro 18 owned directly 1,544,647 shares of Common Stock following the transaction on December 6, 2023.
Toro 18 Holdings LLC, By: /s/ Eric Singer, President and CEO 12/20/2023
Immersion Corporation, By: /s/ Eric Singer, President, CEO and Chairman 12/20/2023
/s/ William C. Martin 12/20/2023
/s/ Eric Singer 12/20/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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