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HEAR Turtle Beach Corporation

15.06
0.07 (0.47%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Turtle Beach Corporation NASDAQ:HEAR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.07 0.47% 15.06 14.54 15.55 15.15 14.60 15.15 270,937 01:00:00

Statement of Changes in Beneficial Ownership (4)

19/11/2021 11:50pm

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
                                                                                  
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 *

Hanson John T
2. Issuer Name and Ticker or Trading Symbol

Turtle Beach Corp [ HEAR ]
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)
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 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)
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) $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
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Hanson John T
C/O TURTLE BEACH CORPORATION
44 SOUTH BROADWAY, 4TH FLOOR
WHITE PLAINS, NY 10601


CFO, Treasurer and Secretary

Signatures
/s/John T. Hanson11/19/2021
**Signature of Reporting PersonDate

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