CIRRUS LOGIC, INC. — Director's Dealing 2016

Nov 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2016-11-02

Reporting Person: Carlson Randolph K (VP Supply Chain)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-02	Incentive Stock Option (right to buy)	$54.65	A	3175.0	Acquired	2026-11-02	Common Stock (3175)	Direct
2016-11-02	Non-Qualified Stock Option (right to buy)	$54.65	A	8825.0	Acquired	2026-11-02	Common Stock (8825)	Direct
2016-11-02	Performance Shares	$	A	3000.0	Acquired		Common Stock (3000)	Direct
2016-11-02	Restricted Stock Units	$	A	4000.0	Acquired		Common Stock (4000)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 11/2/17; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/2/20.

F2: Each Performance-based Restricted Stock Unit ("RSU's") 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 RSU's 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 2, 2016, and ending on November 2, 2019.

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 11/2/19, the 3-year anniversary of the grant date.