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CIRRUS LOGIC, INC. — Director's Dealing 2013
Nov 8, 2013
30880_dirs_2013-11-08_c988e495-7f5a-4590-8039-02631c185403.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: 2013-10-06
Reporting Person: Rhode Jason P (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-10-06 | Common Stock | M | 37500.0 | $0.0 | Acquired | 68812 | Direct |
| 2013-10-06 | Common Stock | F | 14182.0 | $0.0 | Disposed | 54630 | Direct |
| 2013-11-06 | Common Stock | M | 41371.0 | $5.25 | Acquired | 96001 | Direct |
| 2013-11-06 | Common Stock | S | 41371.0 | $22.7084 | Disposed | 54630 | Direct |
| 2013-11-07 | Common Stock | M | 60000.0 | $5.55 | Acquired | 114630 | Direct |
| 2013-11-07 | Common Stock | S | 60000.0 | $22.3833 | Disposed | 54630 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-11-06 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 41371.0 | Disposed | 2018-10-01 | Common Stock (41371) | Direct |
| 2013-11-07 | Non-Qualified Stock Option (right to buy) | $5.55 | M | 60000.0 | Disposed | 2019-10-07 | Common Stock (60000) | Direct |
| 2013-10-06 | Restricted Stock Units | $ | M | 37500.0 | Disposed | Common Stock (37500) | Direct |
Footnotes
F1: Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on October 6, 2013, and the Company withheld sufficient shares for payment of required tax liabilities.
F2: 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 shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/01/12.
F3: Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 10/7/10. The remaining 75% of shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/7/13.
F4: Expiration date of 10/6/13.