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CIRRUS LOGIC, INC. — Director's Dealing 2011
Feb 7, 2011
30880_dirs_2011-02-07_fc0af4e0-cfd0-4533-8a7f-8db1f5cb2474.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: 2011-02-03
Reporting Person: Brennan Gregory L (VP and GM, Apex Precision Pwr)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-03 | Common Stock | M | 14905 | $5.55 | Acquired | 23394 | Direct |
| 2011-02-03 | Common Stock | S | 14905 | $23.4378 | Disposed | 8489 | Direct |
| 2011-02-03 | Common Stock | M | 5000 | $5.25 | Acquired | 13489 | Direct |
| 2011-02-03 | Common Stock | S | 5000 | $23.4378 | Disposed | 8489 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-03 | Incentive Stock Option (right to buy) | $5.25 | M | 5000 | Disposed | 2018-10-01 | Common Stock (5000) | Direct |
| 2011-02-03 | Non-Qualified Stock Option (right to buy) | $5.55 | M | 14905 | Disposed | 2019-10-07 | Common Stock (14905) | 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 $23.43 to $23.47. The reporting person will provide full information regarding the number of shares sold 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.
F2: This incentive employee stock option grant was granted to the reporting person on 10/1/2008 and is exercisable on the following 4-year schedule: 25% of the shares vested and became exercisable on 10/1/2009. The remaining 75% of the shares began vesting in 36 equal monthly installments on 11/1/2009. The option will be fully vested and exercisable on 10/1/2012.
F3: This non-qualified employee stock option grant and its companion incentive employee stock option grant, together totaling 55,000 options, were granted to the reporting person on 10/7/2009. The options are exercisable according to the following 4-year schedule: on 10/7/2010, 25% of the shares vested and became exercisable. The remaining 75% of the shares began vesting in 36 equal monthly installments on 11/7/2010. The option will be fully vested and exercisable on 10/7/2013.