Turtle Beach Corp — Director's Dealing 2014

Jan 16, 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: POTASHNER KENNETH F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-15	Stock Option (Right to Buy)	$4.5	A	175000	Acquired	2017-04-03	Common Stock (175000)	Direct

Footnotes

F1: On April 3, 2012 the reporting person, formerly Executive Chairman of Parametric, was granted an option to purchase 175,000 shares of common stock. The performance based option vested as to 60,000 shares based upon a quarterly revenue goal; 55,000 shares upon achievement of a quarterly profit; 60,000 shares upon achieving licensing performance targets; or otherwise vesting as approved by the Board of Directors. The option also vested on a change of control which occurred on January 15, 2014 with the closing of the merger between Parametric and VTB Holdings, Inc., a Delaware corporation (Turtle Beach), in accordance with the terms and conditions of an Agreement and Plan of Merger dated August 5, 2013.