Turtle Beach Corp — Director's Dealing 2014

Jan 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Parametric Sound Corp (PAMT)
CIK: 0001493761
Period of Report: 2014-01-15

Reporting Person: Honore James L. (Former Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-15	Stock Option (Right to Buy)	$4.25	D	10000	Disposed	2017-03-05	Common Stock (10000)	Direct
2014-01-15	Stock Option (Right to Buy)	$4.25	A	10000	Acquired	2014-12-31	Common Stock (10000)	Direct
2014-01-15	Stock Option (Right to Buy)	$9.95	D	5000	Disposed	2018-02-21	Common Stock (5000)	Direct
2014-01-15	Stock Option (Right to Buy)	$9.95	A	5000	Acquired	2014-12-31	Common Stock (5000)	Direct

Footnotes

F1: The reporting person resigned as a director on January 15, 2014 in connection with the merger of Parametric with VTB Holdings, Inc., a Delaware corporation (Turtle Beach). The reported transaction involved an amendment of an outstanding option to extend the exercise period after resignation from three months (April 15, 2014) to December 31, 2014 resulting in a deemed cancellation of the old option and the grant of a replacement option. The old option was fully vested at January 15, 2014.

F2: The reported transaction involved an amendment of an outstanding option to accelerate vesting of the option and extend the exercise period after resignation from three months (April 15, 2014) to December 31, 2014 resulting in a deemed cancellation of the old option and the grant of a replacement option. The old option was 50% vested at January 15, 2014 resulting in acceleration as to the exercisability of 2,500 options.