0001209191-22-022698.txt : 20220404
0001209191-22-022698.hdr.sgml : 20220404
20220404192747
ACCESSION NUMBER: 0001209191-22-022698
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220401
FILED AS OF DATE: 20220404
DATE AS OF CHANGE: 20220404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hanson John T
CENTRAL INDEX KEY: 0001531225
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35465
FILM NUMBER: 22804688
MAIL ADDRESS:
STREET 1: 11011 VIA FRONTERA, SUITE A/B
CITY: SAN DIEGO
STATE: CA
ZIP: 92127
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-04-01
0
0001493761
Turtle Beach Corp
HEAR
0001531225
Hanson John T
C/O TURTLE BEACH CORPORATION
44 SOUTH BROADWAY, 4TH FLOOR
WHITE PLAINS
NY
10601
0
1
0
0
CFO, Treasurer and Secretary
Common Stock
2022-04-01
4
M
0
3360
A
22867
D
Common Stock
2022-04-01
4
M
0
5000
A
27867
D
Common Stock
2022-04-01
4
M
0
6875
A
34742
D
Common Stock
2022-04-01
4
M
0
4500
A
39242
D
Common Stock
2022-04-01
4
F
0
8844
21.51
D
30398
D
Performance Stock Units
2022-04-01
4
M
0
3360
0.00
D
Common Stock
3360
0
D
Restricted Stock Units
2022-04-01
4
M
0
5000
0.00
D
Common Stock
5000
5000
D
Restricted Stock Units
2022-04-01
4
M
0
6875
0.00
D
Common Stock
6875
13750
D
Restricted Stock Units
2022-04-01
4
M
0
4500
0.00
D
Common Stock
4500
13500
D
Restricted Stock Units
2022-04-01
4
A
0
24000
0.00
A
Common Stock
24000
24000
D
Stock Option (Right to Buy)
2.04
2027-11-13
Common Stock
2696
2696
D
Stock Option (Right to Buy)
12.10
2029-04-01
Common Stock
14167
14167
D
Stock Option (Right to Buy)
5.95
2030-04-01
Common Stock
33230
33230
D
Stock Option (Right to Buy)
3.12
2028-04-11
Common Stock
29391
29391
D
Performance stock units were converted into common stock on a one-for-one basis.
Restricted stock units were converted into common stock on a one-for-one basis.
Represents shares withheld to satisfy tax withholding obligations upon the vesting of the shares of restricted stock and performance stock awarded to the reporting person.
The securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
Acquired upon achievement of certain performance criteria pursuant to one-third of the performance stock units granted April 1, 2021 under the Turtle Beach Corporation Stock Based 2013 Incentive Compensation Plan. The vesting of performance stock units is determined over a three-year period based on (i) the amount by which revenue growth exceeds a defined baseline market growth each year and (ii) the achievement of specified tiers of adjusted EBITDA as a percentage of net revenue each year, with the ability to earn and vest into such units ranging from 0% to 200%. These performance stock units vested on April 1, 2022.
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.
These restricted stock units vest in equal annual installments until April 1, 2023.
These restricted stock units vest in equal annual installments until April 1, 2024.
These restricted stock units vest in equal annual installments until April 1, 2025.
One-quarter of these restricted stock units will vest on April 1, 2023, with the remainder of the restricted stock units vesting in equal annual installments until April 1, 2026.
All options were exercisable as of the transaction date.
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.
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.
These options are scheduled to vest in equal monthly installments until April 11, 2022.
/s/John T. Hanson
2022-04-04