Filing Details

Accession Number:
0001209191-20-058892
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-11-17 18:44:41
Reporting Period:
2020-11-15
Accepted Time:
2020-11-17 18:44:41
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
44 South Broadway, 4Th Floor
White Plains NY 10601
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 Disposition 2020-11-15 6,204 $17.80 87,972 No 4 F Direct
Common Stock Acquisiton 2020-11-16 60,000 $7.72 147,972 No 4 M Direct
Common Stock Disposition 2020-11-16 60,000 $17.74 87,972 No 4 S Direct
Common Stock Acquisiton 2020-11-17 40,000 $7.72 127,972 No 4 M Direct
Common Stock Disposition 2020-11-17 46,310 $17.79 81,662 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2020-11-16 60,000 $0.00 60,000 $7.72
Common Stock Stock Option (Right to Buy) Disposition 2020-11-17 40,000 $0.00 40,000 $7.72
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
205,912 2022-09-03 No 4 M Direct
165,912 2022-09-03 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Unit $0.00 39,750 39,750 Direct
Common Stock Restricted Stock Unit $0.00 58,000 58,000 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
Common Stock Stock Option (Right to Buy) $5.95 2030-04-01 115,000 115,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
39,750 39,750 Direct
58,000 58,000 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
2030-04-01 115,000 115,000 Direct
Footnotes
  1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the Reporting Person.
  2. Sales pursuant to a 10b5-1 plan. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $17.52 to $17.93 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.
  3. Sales pursuant to a 10b5-1 plan. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $17.43 to $18.14 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.
  4. All options were exercisable as of the transaction date.
  5. 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.
  6. One-quarter of the restricted stock units granted on April 1, 2019 to the Reporting Person vest annually, so that the restricted stock units will become fully vested on April 1, 2023.
  7. One-quarter of the underlying shares will vest on April 1, 2021 with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2024.
  8. These options are scheduled to vest in equal monthly installments until November 13, 2021.
  9. These options are scheduled to vest in equal monthly installments until April 11, 2022.
  10. These options are scheduled to vest in equal monthly installments until April 1, 2023.
  11. One-quarter of the options will vest on April 1, 2021, with the remainder vesting with respect to 1/48 of the underlying shares each month thereafter.