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CIRRUS LOGIC, INC. — Director's Dealing 2010
May 14, 2010
30880_dirs_2010-05-14_0a23e04c-d786-42af-94ce-ba9d3a1ad4b8.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: 2010-05-13
Reporting Person: THOMAS SCOTT (VP General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-05-13 | Common Stock | M | 26915 | $5.25 | Acquired | 39082 | Direct |
| 2010-05-13 | Common Stock | S | 26915 | $15.2553 | Disposed | 12167 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-05-13 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 26915 | Disposed | 2018-10-01 | Common Stock (26915) | Direct |
Footnotes
F1: The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.25 to $15.27.
F2: 25% of the shares became exercisable on 10/01/09. The remaining 75% of the shares vest and become exercisable monthly over the following 36 months. The option will be fully vested and exercisable on 10/01/2012.
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