Juergen Stark - Mar 16, 2022 Form 4 Insider Report for Turtle Beach Corp (HEAR)

Role
Chief Executive Officer & Pres, Director
Signature
/s/Juergen Stark
Stock symbol
HEAR
Transactions as of
Mar 16, 2022
Transactions value $
$0
Form type
4
Date filed
3/18/2022, 06:50 PM
Previous filing
Jun 17, 2021
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HEAR Common Stock 88.5K Mar 16, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HEAR Performance Stock Unit Award $0 +14K $0.00 14K Mar 16, 2022 Common Stock 14K Direct F1, F2
holding HEAR Restricted Stock Unit 43.1K Mar 16, 2022 Common Stock 43.1K Direct F3, F4
holding HEAR Restricted Stock Unit 26.5K Mar 16, 2022 Common Stock 26.5K Direct F3, F5
holding HEAR Restricted Stock Unit 50K Mar 16, 2022 Common Stock 50K Direct F3, F6
holding HEAR Stock Option (Right to Buy) 70K Mar 16, 2022 Common Stock 70K $7.24 Direct F7
holding HEAR Stock Option (Right to Buy) 113K Mar 16, 2022 Common Stock 113K $4.64 Direct F7
holding HEAR Stock Option (Right to Buy) 92.5K Mar 16, 2022 Common Stock 92.5K $2.04 Direct F7
holding HEAR Stock Option (Right to Buy) 113K Mar 16, 2022 Common Stock 113K $3.12 Direct F8
holding HEAR Stock Option (Right to Buy) 105K Mar 16, 2022 Common Stock 105K $12.10 Direct F9
holding HEAR Stock Option (Right to Buy) 115K Mar 16, 2022 Common Stock 115K $5.95 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are performance stock units representing a contingent right to receive one share of Turtle Beach Corporation common stock.
F2 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 will vest with respect to the underlying shares of Turtle Beach Corporation common stock on April 1, 2022, subject to continued employment through such date.
F3 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.
F4 These restricted stock units vest in equal annual installments until April 1, 2024.
F5 These restricted stock units vest in equal annual installments until April 1, 2023.
F6 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.
F7 All options were exercisable as of the transaction date.
F8 These options are scheduled to vest in equal monthly installments until April 11, 2022.
F9 These options are scheduled to vest in equal monthly installments until April 1, 2023.
F10 These options are scheduled to vest in equal monthly installments until April 1, 2024.