SEC Form 4 · accession 0001595670-18-000008
Turtle Beach Corp · TBCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Juergen M. Stark
Officer — Chief Executive Officer & Pres · Director
Period of report
Jul 16, 2018
Accepted (ET)
Sep 19, 2018 · 5:03 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 StockF1 | Jul 16, 2018 | F | 2,067 | $23.58 | D | 178,064 | D | |
| Common StockF1 | Aug 15, 2018 | F | 2,067 | $25.22 | D | 175,997 | D | |
| Common StockF1 | Sep 17, 2018 | F | 2,068 | $18.90 | D | 173,929 | 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
- F1Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the Reporting Person.
- F2All shares were exercisable as of the transaction date.
- F3These shares are scheduled to vest in equal monthly installments until May 29, 2019.
- F4These shares are 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.