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CIRRUS LOGIC, INC. — Director's Dealing 2014
Jul 31, 2014
30880_dirs_2014-07-31_e5392e0f-bdc4-4a2b-9bfa-105ccb69d832.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: 2014-07-29
Reporting Person: Turk Timothy R (VP Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-07-29 | Common Stock | M | 10000.0 | $5.55 | Acquired | 10000 | Direct |
| 2014-07-29 | Common Stock | S | 10000.0 | $23.1942 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-07-29 | Incentive Stock Option (right to buy) | $5.55 | M | 10000.0 | Disposed | 2019-10-07 | Common Stock (10000) | Direct |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.19 to $23.20. The reporting person will provide full information regarding the number of shares sold 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 SEC, upon request.
F2: 25% of the shares became exercisable on 10/7/10. The remaining 75% of the shares vested and became exercisable over the following 36 months so that the option was fully vested on 10/7/13.