Filing Details

Accession Number:
0001595670-19-000012
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-06-10 18:01:50
Reporting Period:
2019-06-10
Accepted Time:
2019-06-10 18:01:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1493761 Turtle Beach Corp HEAR Communications Equipment, Nec (3669) 272767540
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1595670 M. Juergen Stark C/O Turtle Beach Corporation
11011 Via Frontera, Suite A/B
San Diego CA 92127
Chief Executive Officer & Pres Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-06-10 10,500 $9.78 161,341 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 53,000 53,000 Direct
Common Stock Stock Option (Right to Buy) $7.72 2022-09-03 365,912 365,912 Direct
Common Stock Stock Option (Right to Buy) $7.24 2025-05-29 70,000 70,000 Direct
Common Stock Stock Option (Right to Buy) $4.64 2026-04-04 112,500 112,500 Direct
Common Stock Stock Option (Right to Buy) $2.04 2027-11-13 112,500 112,500 Direct
Common Stock Stock Option (Right to Buy) $3.12 2028-04-11 112,500 112,500 Direct
Common Stock Stock Option (Right to Buy) $12.10 2029-04-01 105,000 105,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
53,000 53,000 Direct
2022-09-03 365,912 365,912 Direct
2025-05-29 70,000 70,000 Direct
2026-04-04 112,500 112,500 Direct
2027-11-13 112,500 112,500 Direct
2028-04-11 112,500 112,500 Direct
2029-04-01 105,000 105,000 Direct
Footnotes
  1. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $9.56 to $9.99 per share. The reporting person will provide to the issuer, any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
  2. The securities are restricted stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock or, cash with a value equal to the fair market value of the underlying common stock or, a combination thereof.
  3. Restricted stock units will vest in accordance with the grant agreements. Vested shares will be delivered to the reporting person promptly following the vesting thereof.
  4. All options were exercisable as of the date of this Form 4.
  5. These shares are scheduled to vest in equal monthly installments until April 4, 2020.
  6. These shares are scheduled to vest in equal monthly installments until November 13, 2021.
  7. These shares are scheduled to vest in equal monthly installments until April 11, 2022.
  8. One-quarter of the underlying shares will vest on April 1, 2020, with the remainder vesting with respect to 1/48 of the underlying shares each month thereafter.