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CIRRUS LOGIC, INC. — Director's Dealing 2011
Feb 22, 2011
30880_dirs_2011-02-22_174c24ed-2f73-40f6-9e81-bfb1b1ed2883.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: 2011-02-17
Reporting Person: HACKWORTH MICHAEL L (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-17 | Common Stock | M | 10000 | $16.64 | Acquired | 17588 | Direct |
| 2011-02-17 | Common Stock | S | 10000 | $25.2478 | Disposed | 7588 | Direct |
| 2011-02-01 | Common Stock | G | 15250 | — | Disposed | 101487 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-17 | Non-Qualified Stock Option (right to buy) | $16.64 | M | 10000 | Disposed | 2011-07-25 | Common Stock (10000) | Direct |
Footnotes
F1: The sale price reported in Column 4 is a weighted average price. Prices ranged from $25.24 to $25.29. 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.
F2: Reflects a correction to the total shares held by the Trust. It was recently discovered that the Trust's holdings are underreported by 500 shares. It is believed that the acquisition of these 500 shares was reported on Form 5 dated March 28, 1998.
F3: The option was fully vested and exercisable on 7/25/01, the date of grant.