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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.