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CIRRUS LOGIC, INC. — Director's Dealing 2010
Sep 3, 2010
30880_dirs_2010-09-03_670db0c8-b128-4b81-9e6a-798394b6c2ee.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: 2010-09-02
Reporting Person: Rhode Jason P (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-02 | Common Stock | M | 5521 | $5.25 | Acquired | 12833 | Direct |
| 2010-09-02 | Common Stock | S | 5521 | $16.9 | Disposed | 7312 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-02 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 5521 | Disposed | 2018-10-01 | Common Stock (5521) | Direct |
Footnotes
F1: The exercise and sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 27, 2010.
F2: This non-qualified employee stock option grant and its companion incentive option grant, together totaling 265,000 options, were granted to the reporting person on 10/1/2008. On 10/1/2009, 25% of the shares from the grants vested and became exercisable. The remaining 75% of the shares began vesting in 36 equal monthly installments on 11/1/2009. The 5,521 shares reported on this Form 4 vested on 9/1/2010.