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CIRRUS LOGIC, INC. — Director's Dealing 2010
Sep 8, 2010
30880_dirs_2010-09-08_4982db6b-d02e-4ddb-9dc9-a11cf90af358.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: 2010-09-07
Reporting Person: Turk Timothy R (VP Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-07 | Common Stock | M | 5600 | $6.71 | Acquired | 5600 | Direct |
| 2010-09-07 | Common Stock | S | 5600 | $17.11 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-07 | Non-Qualified Stock Option (right to buy) | $6.71 | M | 5600 | Disposed | 2017-09-05 | Common Stock (5600) | 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: This non-qualified employee stock option grant and its companion incentive option grant, together totaling 150,000 options, were granted to the reporting person on 9/5/2007. On 9/5/2008, 25% of the shares vested and became exercisable. The remaining 75% of the shares began vesting in 36 equal monthly installments on 10/5/2008.
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