SEC Form 4 · accession 0000899243-18-022719
Turtle Beach Corp · TBCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juergen M. Stark
Officer — CEO & President · Director
Period of report
Aug 16, 2018
Accepted (ET)
Aug 17, 2018 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001493761
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 16, 2018 | S | 50,000 | $25.22 | D | 180,131 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $7.72 | holding | — | — | — | — | Sep 3, 2022 | Common Stock | 365,912 | 365,912 | D |
| Stock Option (Right to Buy)F3 | $7.24 | holding | — | — | — | — | May 29, 2025 | Common Stock | 70,000 | 70,000 | D |
| Stock Option (Right to Buy)F4 | $4.64 | holding | — | — | — | — | Apr 4, 2026 | Common Stock | 112,500 | 112,500 | D |
| Stock Option (Right to Buy)F5 | $2.04 | holding | — | — | — | — | Nov 13, 2027 | Common Stock | 112,500 | 112,500 | D |
| Stock Option (Right to Buy)F6 | $3.12 | holding | — | — | — | — | Apr 11, 2028 | Common Stock | 112,500 | 112,500 | D |
Explanation of responses
- F1The Reporting Person contributed shares of Turtle Beach Corporation common stock to an exchange fund in exchange for shares of the exchange fund. The shares of Turtle Beach Common Stock were valued at $25.22 per share for the purpose of determining the number of shares of the exchange fund issuable to the Reporting Person.
- F2All shares were exercisable as of the transaction date.
- F355,416 of the underlying shares have vested, with the remainder scheduled to vest in equal monthly installments until May 29, 2019.
- F465,625 of the underlying shares have vested, with the remainder scheduled to vest in equal monthly installments until April 4, 2020.
- F5One-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.
- F6One-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.