CIRRUS LOGIC, INC. — Director's Dealing 2016

Nov 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2016-11-07

Reporting Person: DAVERN ALEXANDER M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-07	Common Stock	M	6500.0	$32.29	Acquired	15164	Direct
2016-11-07	Common Stock	S	6500.0	$55.232	Disposed	8664	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-07	Non-Qualified Stock Option (right to buy)	$32.29	M	6500.0	Disposed	2025-03-25	Common Stock (6500)	Direct

Footnotes

F1: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.23 to $55.24. The reporting person will provide full information regarding the number of shares bought 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: The option vests on a 4-year schedule: 25% of the shares became exercisable on 03/25/2016; the remaining 75% of the shares will vest at a rate of 1/36th per month over the following 36 months so that the option will be fully vested and exercisable on 03/25/2019.