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CIRRUS LOGIC, INC. — Director's Dealing 2016
Nov 2, 2016
30880_dirs_2016-11-02_79a7dcfb-0488-42a5-a7b9-da05d3a8d25c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2016-10-31
Reporting Person: THOMAS SCOTT (VP General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-10-31 | Common Stock | S | 10897.0 | $54.3128 | Disposed | 33279 | Direct |
| 2016-10-31 | Common Stock | M | 15583.0 | $5.25 | Acquired | 48862 | Direct |
| 2016-10-31 | Common Stock | S | 15583.0 | $54.2978 | Disposed | 33279 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-10-31 | Non-Qualified Stock Option (right to buy) | $5.25 | M | 15583.0 | Disposed | 2018-10-01 | Common Stock (15583) | Direct |
Footnotes
F1: This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 9, 2016.
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 $53.87 to $54.73. 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 $54.21 to $54.97. 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: The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/01/2009; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option was fully vested and exercisable on 10/01/2012.