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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Stark Juergen M.
2. Issuer Name and Ticker or Trading Symbol

Turtle Beach Corp [ HEAR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer & Pres
(Last)          (First)          (Middle)

C/O TURTLE BEACH CORPORATION, 44 SOUTH BROADWAY, 4TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

12/29/2020
(Street)

WHITE PLAINS, NY 10601
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/29/2020  M  40000 A$7.72 121662 D  
Common Stock 12/29/2020  S  40000 D$22.98 (1)81662 D  
Common Stock 12/30/2020  M  30000 A$7.72 111662 D  
Common Stock 12/30/2020  S  30000 D$22.39 (2)81662 D  
Common Stock 12/31/2020  M  30000 A$7.72 111662 D  
Common Stock 12/31/2020  S  30000 D$21.80 (3)81662 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $7.72 12/29/2020  M     40000   (4)9/3/2022 Common Stock 40000 $0.00 125912 D  
Stock Option (Right to Buy) $7.72 12/30/2020  M     30000   (4)9/3/2022 Common Stock 30000 $0.00 95912 D  
Stock Option (Right to Buy) $7.72 12/31/2020  M     30000   (4)9/3/2022 Common Stock 30000 $0.00 65912 D  
Restricted Stock Unit  (5)           (6) (6)Common Stock 39750  39750 D  
Restricted Stock Unit  (5)           (7) (7)Common Stock 58000  58000 D  
Stock Option (Right to Buy) $7.24            (4)5/29/2025 Common Stock 70000  70000 D  
Stock Option (Right to Buy) $4.64            (4)4/4/2026 Common Stock 112500  112500 D  
Stock Option (Right to Buy) $2.04            (8)11/13/2027 Common Stock 112500  112500 D  
Stock Option (Right to Buy) $3.12            (9)4/11/2028 Common Stock 112500  112500 D  
Stock Option (Right to Buy) $12.10            (10)4/1/2029 Common Stock 105000  105000 D  
Stock Option (Right to Buy) $5.95            (11)4/1/2030 Common Stock 115000  115000 D  

Explanation of Responses:
(1) ALL SALES PURSUANT TO A 10b5-1 PLAN. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $22.38 to $24.42 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) ALL SALES PURSUANT TO A 10b5-1 PLAN. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $22.00 to $23.04 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) ALL SALES PURSUANT TO A 10b5-1 PLAN. The price reported represents the weighted average sales price of shares sold in multiple transactions at prices ranging from $21.43 to $22.78 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) All options were exercisable as of the transaction date.
(5) 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.
(6) One-quarter of the restricted stock units granted on April 1, 2019 to the Reporting Person vest annually, so that the restricted stock units will become fully vested on April 1, 2023.
(7) One-quarter of the underlying shares will vest on April 1, 2021 with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2024.
(8) These options are scheduled to vest in equal monthly installments until November 13, 2021.
(9) These options are scheduled to vest in equal monthly installments until April 11, 2022.
(10) These options are scheduled to vest in equal monthly installments until April 1, 2023.
(11) One-quarter of the options will vest on April 1, 2021, with the remainder vesting with respect to 1/48 of the underlying shares each month thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Stark Juergen M.
C/O TURTLE BEACH CORPORATION
44 SOUTH BROADWAY, 4TH FLOOR
WHITE PLAINS, NY 10601
X
Chief Executive Officer & Pres

Signatures
/s/Juergen Stark12/31/2020
**Signature of Reporting PersonDate

Turtle Beach (NASDAQ:HEAR)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Turtle Beach Charts.
Turtle Beach (NASDAQ:HEAR)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Turtle Beach Charts.