AI assistant
CIRRUS LOGIC, INC. — Director's Dealing 2015
May 7, 2015
30880_dirs_2015-05-07_a401606c-4019-464c-b4af-2df8dc352f67.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2015-05-05
Reporting Person: Rhode Jason P (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-05-05 | Common Stock | M | 50000.0 | $5.55 | Acquired | 148873 | Direct |
| 2015-05-05 | Common Stock | S | 50000.0 | $34.9927 | Disposed | 98873 | Direct |
| 2015-05-05 | Common Stock | S | 23318.0 | $34.9927 | Disposed | 75555 | Direct |
| 2015-05-05 | Common Stock | S | 17500.0 | $34.9977 | Disposed | 58055 | Direct |
| 2015-05-05 | Common Stock | G | 5700.0 | — | Disposed | 52355 | Direct |
| 2015-05-06 | Common Stock | M | 18018.0 | $5.55 | Acquired | 70373 | Direct |
| 2015-05-06 | Common Stock | M | 7048.0 | $5.25 | Acquired | 77421 | Direct |
| 2015-05-06 | Common Stock | M | 21500.0 | $7.87 | Acquired | 98921 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-05-06 | Incentive Stock Option (right to buy) | $5.25 | M | 7048.0 | Disposed | 2018-10-01 | Common Stock (7048) | Direct |
| 2015-05-06 | Incentive Stock Option (right to buy) | $5.55 | M | 18018.0 | Disposed | 2019-10-07 | Common Stock (18018) | Direct |
| 2015-05-06 | Incentive Stock Option (right to buy) | $7.87 | M | 21500.0 | Disposed | 2017-06-06 | Common Stock (21500) | Direct |
| 2015-05-05 | Non-Qualified Stock Option (right to buy) | $5.55 | M | 50000.0 | Disposed | 2019-10-07 | Common Stock (50000) | Direct |
Footnotes
F1: This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on November 25, 2014.
F2: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $35.56. The reporting person will provide full information regarding the number of shares bought 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: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $35.69. The reporting person will provide full information regarding the number of shares bought 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.
F4: Charitable gift to Dr. Rhode's donor advised fund.
F5: Only vested shares can be exercised under this option. 25% of the shares were vested and exercisable on 10/7/10; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/7/13.
F6: Only vested shares can be exercised under this option. 25% of the shares were vested and exercisable on 10/1/09; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/1/12.
F7: Only vested shares can be exercised under this option. 25% of the shares were vested and exercisable on 06/06/08; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 06/06/11.