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CIRRUS LOGIC, INC. — Director's Dealing 2010
Apr 29, 2010
30880_dirs_2010-04-29_2d00c99e-38fa-4dc8-9a95-cf24a91d5e35.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2010-04-27
Reporting Person: Benson JoDee (VP Corp Mkt Comm & Human Res.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-04-27 | Common Stock | M | 15000 | $6.97 | Acquired | 15395 | Direct |
| 2010-04-27 | Common Stock | S | 15000 | $12 | Disposed | 395 | Direct |
| 2010-04-27 | Common Stock | M | 20000 | $5.16 | Acquired | 20395 | Direct |
| 2010-04-27 | Common Stock | S | 20000 | $11.0014 | Disposed | 395 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-04-27 | Non-Qualified Stock Option (right to buy) | $5.16 | M | 20000 | Disposed | 2014-10-06 | Common Stock (20000) | Direct |
| 2010-04-27 | Non-Qualified Stock Option (right to buy) | $6.97 | M | 15000 | Disposed | 2013-10-24 | Common Stock (15000) | Direct |
Footnotes
F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 6, 2009.
F2: The sales prices reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.01.
F3: Only vested shares can be exercised under this option. The vesting schedule is: 25% of the shares granted under the option will vest and become exercisable on 10/6/2005; the remaining shares exercisable under the option vest monthly over the next thirty-six (36) months so that the shares are fully vested on 10/6/2008.
F4: Only vested shares can be exercised under this option. The vesting schedule is: 25% of the shares granted were fully vested and exercisable on 10/24/2004; the remaining shares exercisable under the option vest monthly over the next thirty-six (36) months so that the shares are fully vested on 10/24/2007.