SEC Form 4 · accession 0001531225-18-000008
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 16, 2018
Accepted (ET)
Aug 27, 2018 · 4:50 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Aug 16, 2018 | A | 10,000 | A | — | — | Common Stock | 10,000 | 10,000 | D |
| Stock Option (Right to Buy)F3 | $16.52 | holding | — | — | — | — | Nov 19, 2024 | Common Stock | 1,146 | 1,146 | D |
| Stock Option (Right to Buy)F4 | $7.24 | holding | — | — | — | — | May 29, 2025 | Common Stock | 6,250 | 6,250 | D |
| Stock Option (Right to Buy)F5 | $4.64 | holding | — | — | — | — | Apr 4, 2026 | Common Stock | 8,630 | 8,630 | D |
| Stock Option (Right to Buy)F6 | $2.04 | holding | — | — | — | — | Nov 13, 2027 | Common Stock | 26,513 | 26,513 | D |
| Stock Option (Right to Buy)F7 | $3.12 | holding | — | — | — | — | Apr 11, 2028 | Common Stock | 29,391 | 29,391 | D |
Explanation of responses
- F1The 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.
- F2One-third of the underlying shares will vest on August 16, 2019, with the remainder vesting with respect to 1/36 of the underlying shares on the 16th day of each month thereafter. Vested shares will be delivered to the reporting person promptly following the vesting thereof.
- F3These shares are scheduled to vest in equal monthly installments until November 19, 2018.
- F4These shares are scheduled to vest in equal monthly installments until May 29, 2019.
- F5These shares are scheduled to vest in equal monthly installments until April 4, 2020.
- F6One-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.
- F7One-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.