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CIRRUS LOGIC, INC. — Director's Dealing 2010
Jun 18, 2010
30880_dirs_2010-06-18_ea16a0b6-7d6a-487d-b4da-0c9ae483268f.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: 2010-06-16
Reporting Person: Turk Timothy R (VP Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-06-16 | Common Stock | M | 20000 | $6.71 | Acquired | 20000 | Direct |
| 2010-06-16 | Common Stock | S | 20000 | $15.6001 | Disposed | 0 | Direct |
| 2010-06-17 | Common Stock | M | 23984 | $6.71 | Acquired | 23984 | Direct |
| 2010-06-17 | Common Stock | S | 23984 | $16.73 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-06-16 | Non-Qualified Stock Option (right to buy) | $6.71 | M | 20000 | Disposed | 2017-09-05 | Common Stock (20000) | Direct |
| 2010-06-17 | Non-Qualified Stock Option (right to buy) | $6.71 | M | 23984 | Disposed | 2017-09-05 | Common Stock (23984) | Direct |
Footnotes
F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on May 5, 2010.
F2: The sales price reported in Column 4 is a weighted average price. Prices range from $15.60 to $15.61.
F3: 25% of the shares became exercisable on 9/5/08. The remaining 75% of the shares vest and become exercisable monthly over the following 36 months. The option will be fully vested and exercisable as of 9/5/11.
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