SEC Form 4 · accession 0001531225-17-000004
Turtle Beach Corp · TBCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Hanson
Officer — CFO, Treasurer and Secretary
Period of report
Nov 13, 2017
Accepted (ET)
Nov 13, 2017 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001493761
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $0.51 | Nov 13, 2017 | A | 106,050 | A | — | Nov 13, 2027 | Common Stock | 106,050 | 106,050 | D |
Explanation of responses
- F1Represents refresh grant to Reporting Person. Refresh grants were made to non-executive employees in connection with and in addition to the Company's annual service grants in April 2017. However, theIssuer's Board of Directors determined to delay refresh grants to executive employees until November 2017. One-quarter of the underlying shares will vest on November 13, 2018, with the remainder vesting withrespect to 1/48 of the underlying shares on the 4th day of each month thereafter.