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CIRRUS LOGIC, INC. — Director's Dealing 2012
Nov 2, 2012
30880_dirs_2012-11-02_905d724c-80c5-404b-b5e1-8ef82d65caa0.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: 2012-11-01
Reporting Person: THOMAS SCOTT (VP General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-11-01 | Common Stock | M | 17500.0 | $8.06 | Acquired | 29667.0 | Direct |
| 2012-11-01 | Common Stock | S | 17500.0 | $35.0888 | Disposed | 12167.0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-11-01 | Non-Qualified Stock Option (right to buy) | $8.06 | M | 17500.0 | Disposed | 2016-03-01 | Common Stock (17500.0) | Direct |
Footnotes
F1: The transactions reported on the Form 4 were effected pursuant to a Rule 10B5-1 Plan adopted by the reporting person on 1/31/12.
F2: The sales price reported in Table I- Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.34 to $35.42. The reporting person will provide full information regarding the number of shares sold as each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC, upon request.
F3: 25% of the shares became exercisable on 3/1/07. The remaining 75% of the shares vested over the next 36 months. The option was fully exercisable on 3/1/10.