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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 08/16/2018 | A | 10,000 | (2) | (2) | Common Stock | 10,000 | $ 0 | 10,000 | D | ||||
Stock Option (Right to Buy) | $ 16.52 | (3) | 11/19/2024 | Common Stock | 1,146 | 1,146 | D | ||||||||
Stock Option (Right to Buy) | $ 7.24 | (4) | 05/29/2025 | Common Stock | 6,250 | 6,250 | D | ||||||||
Stock Option (Right to Buy) | $ 4.64 | (5) | 04/04/2026 | Common Stock | 8,630 | 8,630 | D | ||||||||
Stock Option (Right to Buy) | $ 2.04 | (6) | 11/13/2027 | Common Stock | 26,513 | 26,513 | D | ||||||||
Stock Option (Right to Buy) | $ 3.12 | (7) | 04/11/2028 | Common Stock | 29,391 | 29,391 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hanson John T C/O TURTLE BEACH CORPORATION 11011 VIA FRONTERA, SUITE A/B SAN DIEGO, CA 92127 |
CFO, Treasurer and Secretary |
/s/ John T. Hanson | 08/27/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 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. |
(2) | One-third of the underlying shares will vest on August 16, 2019, with the remainder vesting with respect to 1/36 of the underlying shares on the 16th day of each month thereafter. Vested shares will be delivered to the reporting person promptly following the vesting thereof. |
(3) | These shares are scheduled to vest in equal monthly installments until November 19, 2018. |
(4) | These shares are scheduled to vest in equal monthly installments until May 29, 2019. |
(5) | These shares are scheduled to vest in equal monthly installments until April 4, 2020. |
(6) | One-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. |
(7) | One-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. |