SEC Form 4 · accession 0001531225-18-000004
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
Aug 9, 2018
Accepted (ET)
Aug 10, 2018 · 4:38 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 9, 2018 | M | 16,590 | $7.72 | A | 16,590 | D | |
| Common Stock | Aug 9, 2018 | M | 12,604 | $16.52 | A | 29,194 | D | |
| Common Stock | Aug 9, 2018 | M | 23,750 | $7.24 | A | 52,944 | D | |
| Common Stock | Aug 9, 2018 | M | 12,080 | $4.64 | A | 65,024 | D | |
| Common StockF1 | Aug 9, 2018 | S | 11,900 | $30.23 | D | 53,124 | D | |
| Common StockF2 | Aug 9, 2018 | S | 53,124 | $29.24 | D | 0 | 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)F3 | $7.72 | Aug 9, 2018 | M | 16,590 | D | — | Jan 30, 2024 | Common Stock | 16,590 | 0 | D |
| Stock Option (Right to Buy)F4 | $16.52 | Aug 9, 2018 | M | 12,604 | D | — | Nov 19, 2024 | Common Stock | 12,604 | 1,146 | D |
| Stock Option (Right to Buy)F5 | $7.24 | Aug 9, 2018 | M | 23,750 | D | — | May 29, 2025 | Common Stock | 23,750 | 6,250 | D |
| Stock Option (Right to Buy)F6 | $4.64 | Aug 9, 2018 | M | 12,080 | D | — | Apr 4, 2026 | Common Stock | 12,080 | 8,630 | D |
| Stock Option (Right to Buy)F7 | $2.04 | holding | — | — | — | — | Nov 13, 2027 | Common Stock | 26,513 | 26,513 | D |
| Stock Option (Right to Buy)F8 | $3.12 | holding | — | — | — | — | Apr 11, 2028 | Common Stock | 29,391 | 29,391 | D |
Explanation of responses
- F1The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $30.00 to $30.65 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.
- F2The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $29.00 to $29.99 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.
- F3All shares are exercisable as of the transaction date.
- F4All exercised shares were exercisable as of the transaction date, with the remainder scheduled to vest in equal monthly installments until November 19, 2018.
- F5All exercised shares were exercisable as of the transaction date, with the remainder scheduled to vest in equal monthly installments until May 29, 2019.
- F6All exercised shares were exercisable as of the transaction date, with the remainder scheduled to vest in equal monthly installments until April 4, 2020.
- F7One-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.
- F8One-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.