CIRRUS LOGIC, INC. — Director's Dealing 2016

Feb 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2016-02-24

Reporting Person: Rhode Jason P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-24	Common Stock	M	30000.0	$8.06	Acquired	159680	Direct
2016-02-24	Common Stock	S	30000.0	$33.461	Disposed	129680	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-24	Non-Qualified Stock Option (right to buy)	$8.06	M	30000.0	Disposed	2016-03-01	Common Stock (30000)	Direct

Footnotes

F1: These transactions were made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 31, 2015. The options that were exercised pursuant to this transaction were set to expire and could not be exercised after March 1, 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 $33.13 to $33.70. 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 option vested on a 4-year schedule: 25% of the shares became exercisable on 3/1/2007; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option fully vested and exercisable on 3/1/2010. Only vested shares can be exercised under this option.