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CIRRUS LOGIC, INC. — Director's Dealing 2013
Nov 21, 2013
30880_dirs_2013-11-21_6abd128d-f56e-4cb0-913c-acc6354d3e40.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: 2013-11-19
Reporting Person: ANDERSON SCOTT ARNOLD (SVP & GM Mixed Signal Audio)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-11-19 | Common Stock | S | 10000.0 | $19.3001 | Disposed | 21195 | Direct |
| 2013-11-20 | Common Stock | M | 53833.0 | $5.25 | Acquired | 75028 | Direct |
| 2013-11-20 | Common Stock | S | 53833.0 | $19.3135 | Disposed | 21195 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-20 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 53833.0 | Disposed | 2018-10-01 | Common Stock (53833) | Direct |
Footnotes
F1: The sales price reported in Table I - Column 4 is a weighted average price. These shares were initially acquired through an open market purchase and were sold in multiple transactions at prices ranging from $19.300 to $19.302. 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.
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 $19.23 to $19.40. 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: Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 10/01/09. The remaining 75% of the shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/01/12.