Filing Details
- Accession Number:
- 0001595670-18-000006
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-08-10 17:22:19
- Reporting Period:
- 2018-08-08
- Accepted Time:
- 2018-08-10 17:22:19
- 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 | 2018-08-08 | 35,000 | $7.72 | 265,131 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-08 | 29,413 | $29.45 | 235,718 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-08 | 5,587 | $28.78 | 230,131 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-08-09 | 30,000 | $7.72 | 260,131 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-09 | 20,113 | $29.31 | 240,018 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-09 | 9,887 | $28.84 | 230,131 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2018-08-10 | 35,000 | $7.72 | 265,131 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2018-08-10 | 17,906 | $29.65 | 247,225 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2018-08-10 | 17,094 | $29.30 | 230,131 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2018-08-08 | 35,000 | $0.00 | 35,000 | $7.72 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-08-09 | 30,000 | $0.00 | 30,000 | $7.72 |
| Common Stock | Stock Option (Right to Buy) | Disposition | 2018-08-10 | 35,000 | $0.00 | 35,000 | $7.72 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 430,912 | 2022-09-03 | No | 4 | M | Direct | |
| 400,912 | 2022-09-03 | No | 4 | M | Direct | |
| 365,912 | 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 | 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 |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 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 |
Footnotes
- The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $29.01 to $29.90 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.
- The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $28.60 to $28.99 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.
- The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $29.00 to $30.00 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.
- The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $29.51 to $29.91 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.
- The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $28.87 to $29.50 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.
- All shares were exercisable as of the transaction date.
- 55,416 of the underlying shares have vested, with the remainder scheduled to vest in equal monthly installments until May 29, 2019.
- 65,625 of the underlying shares have vested, with the remainder scheduled to vest in equal monthly installments until April 4, 2020.
- One-quarter of the underlying shares will vest on November 13, 2018, with the remainder vesting with respect to 1/48 of the underlying shares each month thereafter.
- One-quarter of the underlying shares will vest on April 11, 2019, with the remainder vesting with respect to 1/48 of the underlying shares each month thereafter.
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