SEC Form 4/A · accession 0001595670-16-000005
Turtle Beach Corp · TBCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Juergen M. Stark
Officer — Chief Executive Officer & Pres · Director
Period of report
May 23, 2016
Accepted (ET)
May 24, 2016 · 4:53 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1,F2 | $1.16 | May 23, 2016 | D | 85,912 | A | — | Apr 4, 2026 | Common Stock | 450,000 | 450,000 | D |
Explanation of responses
- F1Represents the forfeiture of a portion of a non-qualified stock option granted to the reporting person on April 4, 2016 pursuant to an award agreement under the Turtle Beach Corporation 2013 Stock-Based Incentive Compensation Plan. The reporting person waives his right to vest in and exercise the stock option with respect to 85,912 underlying shares of common stock, with no compensation due therefor.
- F2The stock option will vest and become exercisable (i) with respect to 112,500 of the underlying shares on April 4, 2017, and (ii) with respect to 9,375 shares on the 4th day of each month thereafter until the stock option becomes fully vested and exercisable with respect to 450,000 underlying shares of common stock on April 4, 2020.