Form 4 for TBCH Turtle Beach Corp
Accepted 2022-04-04 00:00:00 ET · period of report 2022-04-01 · accession 0001209191-22-022690 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-04-04 | 2022-04-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | — | +54.1K | 142.6K | +61% | — |
| DM | 2022-04-04 | 2022-04-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | M - OptEx | $0.00 | -54.1K | 0 | -100% | $0 |
| D | 2022-04-04 | 2022-04-01 | TBCH | Stark Juergen M. | CEO, Pres, Dir | A - Grant | $0.00 | +65.0K | 65.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-04-01 | M | A | 13,999 | — | 102,499 | D | — | — | (F1) Performance stock units were converted into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2022-04-01 | M | A | 14,375 | — | 116,874 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2022-04-01 | M | A | 13,250 | — | 130,124 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2022-04-01 | M | A | 12,500 | — | 142,624 | D | — | — | (F2) Restricted stock units were converted into common stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Unit | 2022-04-01 | M | D | 12,500 | $0.00 | 37,500 | D | — · — to — | 12,500 Common Stock | (F5) 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. (F8) These restricted stock units vest in equal annual installments until April 1, 2025. |
| 6 | Derivative | Restricted Stock Units | 2022-04-01 | A | A | 65,000 | $0.00 | 65,000 | D | — · — to — | 65,000 Common Stock | (F5) 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. (F9) 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. |
| 7 | Derivative | Restricted Stock Unit | 2022-04-01 | M | D | 14,375 | $0.00 | 28,750 | D | — · — to — | 14,375 Common Stock | (F5) 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. (F6) These restricted stock units vest in equal annual installments until April 1, 2024. |
| 8 | Derivative | Restricted Stock Unit | 2022-04-01 | M | D | 13,250 | $0.00 | 13,250 | D | — · — to — | 13,250 Common Stock | (F5) 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. (F7) These restricted stock units vest in equal annual installments until April 1, 2023. |
| 9 | Derivative | Performance Stock Unit | 2022-04-01 | M | D | 13,999 | $0.00 | 0 | D | — · — to — | 13,999 Common Stock | (F3) These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock. (F4) 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. |