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CIRRUS LOGIC, INC. — Director's Dealing 2015
Apr 6, 2015
30880_dirs_2015-04-06_94ebb51f-e22b-4399-87d4-ac1b5befff39.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2013-10-17
Reporting Person: KING CHRISTINE (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-10-17 | Non-Qualified Stock Option (right to buy) | $24.14 | A | 20562.0 | Acquired | 2023-10-17 | Common Stock (20562) | Direct |
Footnotes
F1: Due to an administrative error, the number of stock options was incorrectly indicated as 9,320 options. The Company's intent was to award 20,562 stock options, which represented an aggregate grant date fair value of approximately $225,000 computed in accordance with FASB ASC Topic 718.
F2: Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 10/17/2014. The remaining shares vest monthly thereafter over the following 36 months so that the option will be fully vested and exercisable on 10/17/2017.