0000929638-23-001334.txt : 20230502
0000929638-23-001334.hdr.sgml : 20230502
20230502170603
ACCESSION NUMBER: 0000929638-23-001334
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230501
FILED AS OF DATE: 20230502
DATE AS OF CHANGE: 20230502
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stark Juergen M.
CENTRAL INDEX KEY: 0001595670
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35465
FILM NUMBER: 23880271
MAIL ADDRESS:
STREET 1: 100 SUMMIT LAKE DRIVE, SUITE 100
CITY: VALHALLA
STATE: NY
ZIP: 10594
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Turtle Beach Corp
CENTRAL INDEX KEY: 0001493761
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
IRS NUMBER: 272767540
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 44 SOUTH BROADWAY
STREET 2: 4TH FLOOR
CITY: WHITE PLAINS
STATE: NY
ZIP: 10601
BUSINESS PHONE: 888-496-8001
MAIL ADDRESS:
STREET 1: 44 SOUTH BROADWAY
STREET 2: 4TH FLOOR
CITY: WHITE PLAINS
STATE: NY
ZIP: 10601
FORMER COMPANY:
FORMER CONFORMED NAME: Parametric Sound Corp
DATE OF NAME CHANGE: 20100609
4
1
form4.xml
X0407
4
2023-05-01
0001493761
Turtle Beach Corp
HEAR
0001595670
Stark Juergen M.
C/O TURTLE BEACH CORPORATION
44 SOUTH BROADWAY, 4TH FLOOR
WHITE PLAINS
NY
10601
true
true
CEO & President
false
Common Stock
2023-05-01
4
M
0
14375
A
185425
D
Common Stock
2023-05-01
4
M
0
25000
A
210425
D
Common Stock
2023-05-01
4
M
0
48750
A
259175
D
Common Stock
2023-05-01
4
M
0
85000
A
344175
D
Common Stock
2023-05-01
4
M
0
9570
A
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D
Common Stock
2023-05-01
4
A
0
16668
A
370413
D
Common Stock
2023-05-01
4
A
0
43550
A
413963
D
Common Stock
2023-05-01
4
A
0
85000
A
498963
D
Common Stock
2023-05-01
4
F
0
162579
10.98
D
336384
D
Restricted Stock Units
2023-05-01
4
M
0
14375
0
D
Common Stock
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0
D
Restricted Stock Units
2023-05-01
4
M
0
25000
0
D
Common Stock
25000
0
D
Restricted Stock Units
2023-05-01
4
M
0
48750
0
D
Common Stock
48750
0
D
Restricted Stock Units
2023-05-01
4
M
0
85000
0
D
Common Stock
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0
D
Restricted Stock Units
2023-05-01
4
M
0
9570
0
D
Common Stock
9570
0
D
Stock Option (Right to Buy)
7.24
2025-05-29
Common Stock
70000
70000
D
Stock Option (Right to Buy)
4.64
2026-04-04
Common Stock
112500
112500
D
Stock Option (Right to Buy)
2.04
2027-11-13
Common Stock
72500
92500
D
Stock Option (Right to Buy)
3.12
2028-04-11
Common Stock
112500
112500
D
Stock Option (Right to Buy)
12.1
2029-04-01
Common Stock
105000
105000
D
Stock Option (Right to Buy)
5.95
2030-04-01
Common Stock
115000
115000
D
Restricted stock units were converted into common stock on a one-for-one basis. The vesting of the restricted stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.
Performance stock units were converted into common stock on a one-for-one basis. The vesting of the performance stock units was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.
Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock awarded to the reporting person.
The securities were 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.
All options were exercisable as of the transaction date.
The vesting of these options was accelerated pursuant to the previously-disclosed separation letter agreement dated as of May 1, 2023 between the issuer and the reporting person.
/s/ Juergen Stark
2023-05-02