0001209191-22-020110.txt : 20220318 0001209191-22-020110.hdr.sgml : 20220318 20220318184047 ACCESSION NUMBER: 0001209191-22-020110 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220316 FILED AS OF DATE: 20220318 DATE AS OF CHANGE: 20220318 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: 22753811 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 2022-03-16 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 19507 D Performance Stock Units 2022-03-16 4 A 0 3360 0.00 A Common Stock 3360 3360 D Restricted Stock Units Common Stock 10000 10000 D Restricted Stock Units Common Stock 20625 20625 D Restricted Stock Units Common Stock 18000 18000 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 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 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. 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. 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. 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 2022-03-18