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CIRRUS LOGIC, INC. — Director's Dealing 2011
May 10, 2011
30880_dirs_2011-05-10_874adb8b-a058-44fa-b07a-5c80f47e88f2.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: 2011-05-06
Reporting Person: Turk Timothy R (VP Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-06 | Common Stock | M | 2417 | $5.25 | Acquired | 2417 | Direct |
| 2011-05-06 | Common Stock | S | 2417 | $16.5001 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-06 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 2417 | Disposed | 2018-10-01 | Common Stock (2417) | 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 $16.5000 to $16.5001.
F2: This non-qualified employee stock option grant and its companion incentive employee stock option grant, together totaling 68,000 options, were granted to the reporting person on 10/1/2008. The options are exercisable according to the following 4-year vesting schedule: 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.