CIRRUS LOGIC, INC. — Director's Dealing 2017

Nov 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2017-11-01

Reporting Person: Carlson Randolph K (VP of Supply Chain Divisi)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-01	Incentive Stock Option (right to buy)	$55.72	A	1794	Acquired	2027-11-01	Common Stock (1794)	Direct
2017-11-01	Non-Qualified Stock Option (right to buy)	$55.72	A	10206	Acquired	2027-11-01	Common Stock (10206)	Direct
2017-11-01	Performance Shares	$	A	3000	Acquired		Common Stock (3000)	Direct
2017-11-01	Restricted Stock Units	$	A	4000	Acquired		Common Stock (4000)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 11/1/18; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/1/21.

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 1, 2017, and ending on November 1, 2020.

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 11/1/20, the 3-year anniversary of the grant date.