CIRRUS LOGIC, INC. — Director's Dealing 2014

Oct 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2014-10-01

Reporting Person: Rhode Jason P (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-01	Incentive Stock Option (right to buy)	$20.37	A	4909.0	Acquired	2024-10-01	Common Stock (4909)	Direct
2014-10-01	Non-Qualified Stock Option (right to buy)	$20.37	A	85091.0	Acquired	2024-10-01	Common Stock (85091)	Direct
2014-10-01	Performance Shares	$	A	35000.0	Acquired		Common Stock (35000)	Direct
2014-10-01	Restricted Stock Units	$	A	35000.0	Acquired		Common Stock (35000)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 10/1/15; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 10/1/18.

F2: Each Performance-based Restricted Stock Unit ("RSUs") represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the performance-based RSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on October 1, 2014, and ending on October 1, 2017.

F3: Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.

F4: 100% of the restricted stock units will vest on 10/1/17, the 3-year anniversary of the grant date.