Statement of Changes in Beneficial Ownership (4)
November 19 2021 - 6:50PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hanson John T |
2. Issuer Name and Ticker or Trading Symbol
Turtle Beach Corp
[
HEAR
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CFO, Treasurer and Secretary |
(Last)
(First)
(Middle)
C/O TURTLE BEACH CORPORATION, 44 SOUTH BROADWAY, 4TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/17/2021 |
(Street)
WHITE PLAINS, NY 10601
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/17/2021 | | M | | 1146 | A | $16.52 | 20653 | D | |
Common Stock | 11/17/2021 | | M | | 10000 | A | $12.10 | 30653 | D | |
Common Stock | 11/17/2021 | | S | | 11146 | D | $27.4175 (1) | 19507 | D | |
Common Stock | 11/18/2021 | | M | | 15833 | A | $12.10 | 35340 | D | |
Common Stock | 11/18/2021 | | M | | 21770 | A | $5.95 | 57110 | D | |
Common Stock | 11/18/2021 | | M | | 6250 | A | $7.24 | 63360 | D | |
Common Stock | 11/18/2021 | | S | | 43853 | D | $27.4479 (2) | 19507 | D | |
Common Stock | 11/19/2021 | | M | | 8630 | A | $4.64 | 28137 | D | |
Common Stock | 11/19/2021 | | M | | 23817 | A | $2.04 | 51954 | D | |
Common Stock | 11/19/2021 | | S | | 31783 | D | $27.2458 (3) | 20171 | D | |
Common Stock | 11/19/2021 | | S | | 664 | D | $28.0668 (4) | 19507 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Option (Right to Buy) | $16.52 | 11/17/2021 | | M | | | 1146 | (5) | 11/29/2024 | Common Stock | 1146 | $0.00 | 0 | D | |
Stock Option (Right to Buy) | $12.10 | 11/17/2021 | | M | | | 10000 | (6) | 4/1/2029 | Common Stock | 10000 | $0.00 | 30000 | D | |
Stock Option (Right to Buy) | $12.10 | 11/18/2021 | | M | | | 15833 | (6) | 4/1/2029 | Common Stock | 15833 | $0.00 | 14167 | D | |
Stock Option (Right to Buy) | $5.95 | 11/18/2021 | | M | | | 21770 | (7) | 4/1/2030 | Common Stock | 21770 | $0.00 | 33230 | D | |
Stock Option (Right to Buy) | $7.24 | 11/18/2021 | | M | | | 6250 | (5) | 5/29/2025 | Common Stock | 6250 | $0.00 | 0 | D | |
Stock Option (Right to Buy) | $4.64 | 11/19/2021 | | M | | | 8630 | (5) | 4/4/2026 | Common Stock | 8630 | $0.00 | 0 | D | |
Stock Option (Right to Buy) | $2.04 | 11/19/2021 | | M | | | 23817 | (5) | 11/13/2027 | Common Stock | 23817 | $0.00 | 2696 | D | |
Restricted Stock Units | (8) | | | | | | | (9) | (9) | Common Stock | 10000 | | 10000 | D | |
Restricted Stock Units | (8) | | | | | | | (10) | (10) | Common Stock | 20625 | | 20625 | D | |
Restricted Stock Units | (8) | | | | | | | (11) | (11) | Common Stock | 18000 | | 18000 | D | |
Stock Option (Right to Buy) | $3.12 | | | | | | | (12) | 4/11/2028 | Common Stock | 29391 | | 29391 | D | |
Explanation of Responses: |
(1) | The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $27.207 to $27.56 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. |
(2) | The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $27 to $27.775 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. |
(3) | The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $27 to $27.977 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. |
(4) | The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $28.019 to $28.1075 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. |
(5) | All options were exercisable as of the transaction date. |
(6) | All exercised options were exercisable as of the transaction date, with the remainder options scheduled to vest in equal monthly installments until April 1, 2023. |
(7) | All exercised options were exercisable as of the transaction date, with the remainder options scheduled to vest in equal monthly installments until April 1, 2024. |
(8) | The 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. |
(9) | These restricted stock units vest in equal annual installments until April 1, 2023. |
(10) | These restricted stock units vest in equal annual installments until April 1, 2024. |
(11) | One-quarter of these restricted stock units will vest on April 1, 2022, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2025. |
(12) | These options are scheduled to vest in equal monthly installments until April 11, 2022. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hanson John T C/O TURTLE BEACH CORPORATION 44 SOUTH BROADWAY, 4TH FLOOR WHITE PLAINS, NY 10601 |
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| CFO, Treasurer and Secretary |
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Signatures
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/s/John T. Hanson | | 11/19/2021 |
**Signature of Reporting Person | Date |
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