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CIRRUS LOGIC, INC. Director's Dealing 2011

Feb 2, 2011

30880_dirs_2011-02-02_d7715110-b18d-4067-a030-21d0f18db799.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: 2011-01-31

Reporting Person: Turk Timothy R (VP Sales)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-31 Common Stock M 3000 $6.71 Acquired 3000 Direct
2011-01-31 Common Stock S 3000 $21.0823 Disposed 0 Direct
2011-02-02 Common Stock M 6051 $6.71 Acquired 6051 Direct
2011-02-02 Common Stock S 6051 $22.4156 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-31 Non-Qualified Stock Option (right to buy) $6.71 M 3000 Disposed 2017-09-05 Common Stock (3000) Direct
2011-02-02 Non-Qualified Stock Option (right to buy) $6.71 M 6051 Disposed 2017-09-05 Common Stock (6051) Direct

Footnotes

F1: The sales price reported in Column 4 is a weighted average price. These shares were sold in two transactions: 200 shares at $21.0800 and 2,800 shares at $21.0825.

F2: The sales price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.40 to $22.43. The reporting person will provide full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the Securities and Exchange Commission, upon request.

F3: This non-qualified employee stock option grant and its companion incentive employee stock option grant, together totaling 150,000 options, were granted to the reporting person on 9/5/2007. The options are exercisable according to the following 4-year vesting schedule: On 9/5/2008, 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 10/5/2008.