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CIRRUS LOGIC, INC. — Director's Dealing 2010
Aug 11, 2010
30880_dirs_2010-08-11_6f6074c2-f735-4550-b5f7-1cf40db6ba4a.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: 2010-08-09
Reporting Person: Brennan Gregory L (VP and GM, Apex Precision Pwr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-08-09 | Common Stock | S | 3308 | $20.64 | Disposed | 10000 | Direct |
| 2010-08-09 | Common Stock | M | 15000 | $7.35 | Acquired | 25000 | Direct |
| 2010-08-09 | Common Stock | S | 15000 | $20.6477 | Disposed | 10000 | Direct |
| 2010-08-09 | Common Stock | M | 2500 | $5.25 | Acquired | 12500 | Direct |
| 2010-08-09 | Common Stock | S | 2500 | $20.6301 | Disposed | 10000 | Direct |
| 2010-08-10 | Common Stock | F | 1511 | $20.1486 | Disposed | 8489 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-08-09 | Incentive Stock Option (right to buy) | $5.25 | M | 2500 | Disposed | 2018-10-01 | Common Stock (2500) | Direct |
| 2010-08-09 | Incentive Stock Option (right to buy) | $7.35 | M | 15000 | Disposed | 2017-08-01 | Common Stock (15000) | Direct |
Footnotes
F1: The Sales price reported in Column 4 is a weighted average price. Prices ranged from $20.64 to $20.65.
F2: The Sales price reported in Column 4 is an exact price of $20.6301.
F3: Sell to cover tax withholding on release of restricted stock granted on 08/01/07.
F4: 25% of the option, representing a right to purchase a total of 40,000 shares, became exercisable on 10/1/09, which was the first anniversary of the date on which the option was granted. The remaining 75% of the shares have vested, and will continue to vest, in 36 equal monthly installments beginning on 11/1/09.
F5: 25% of the option, representing a right to purchase a total of 20,000 shares, became exercisable on 8/1/08, which was the first anniversary of the date on which the option was granted. The remaining 75% of the shares have vested, and will continue to vest, in 36 equal monthly installments beginning on 09/01/08.