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CIRRUS LOGIC, INC. — Director's Dealing 2014
Jan 3, 2014
30880_dirs_2014-01-03_d633ce9f-d186-48a2-98fa-c4b94b381aa2.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: 2014-01-02
Reporting Person: Stein Thomas (VP & GM Energy Exploration)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-01-02 | Common Stock | M | 4500.0 | $5.25 | Acquired | 12747 | Direct |
| 2014-01-02 | Common Stock | S | 4500.0 | $20.0989 | Disposed | 8247 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-01-02 | Incentive Stock Option (right to buy) | $5.25 | M | 4500.0 | Disposed | 2018-10-01 | Common Stock (4500) | Direct |
Footnotes
F1: This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 23, 2013.
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 $20.02 to $20.19. 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 on 10/01/09. The remaining 75% of the shares vested monthly and became exercisable over the following 36 months so that the option was fully vested on 10/01/12.