CIRRUS LOGIC, INC. — Director's Dealing 2015

Nov 6, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2015-11-04

Reporting Person: Brannan Andrew (VP of Worldwide Sales)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-04	Incentive Stock Option (right to buy)	$31.25	A	12800.0	Acquired	2025-11-04	Common Stock (12800)	Direct
2015-11-04	Non-Qualified Stock Option (right to buy)	$31.25	A	8033.0	Acquired	2025-11-04	Common Stock (8033)	Direct
2015-11-04	Performance Shares	$	A	5169.0	Acquired		Common Stock (5169)	Direct
2015-11-04	Restricted Stock Units	$	A	6875.0	Acquired		Common Stock (6875)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 11/4/16; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/4/19.

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 November 4, 2015, and ending on November 4, 2018.

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 11/4/18, the 3-year anniversary of the grant date.