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
- Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the Reporting Person.
- 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.
- 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.
- All options were exercisable as of the transaction date.
- 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.
- 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.
- 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.
- These options are scheduled to vest in equal monthly installments until November 13, 2021.
- These options are scheduled to vest in equal monthly installments until April 11, 2022.
- These options are scheduled to vest in equal monthly installments until April 1, 2023.
- 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.
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