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CIRRUS LOGIC, INC. — Director's Dealing 2017
May 17, 2017
30880_dirs_2017-05-17_f446821f-4ab3-41f1-b1e5-1680ad99dcca.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: 2017-05-15
Reporting Person: ANDERSON SCOTT ARNOLD (VP & GM Audio Division)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-15 | Common Stock | M | 10500 | $20.37 | Acquired | 24432 | Direct |
| 2017-05-15 | Common Stock | S | 10500 | $64.1659 | Disposed | 13932 | Direct |
| 2017-05-15 | Common Stock | S | 6966 | $64.2409 | Disposed | 6966 | Direct |
| 2017-05-16 | Common Stock | M | 5000 | $15.41 | Acquired | 11966 | Direct |
| 2017-05-16 | Common Stock | S | 5000 | $66.0885 | Disposed | 6966 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-16 | Non-Qualified Stock Option (right to buy) | $15.41 | M | 5000 | Disposed | 2021-10-05 | Common Stock (5000) | Direct |
| 2017-05-15 | Non-Qualified Stock Option (right to buy) | $20.37 | M | 10500 | Disposed | 2024-10-01 | Common Stock (10500) | 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 $64.10 to $64.27. 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.
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 $66.0801 to $66.09. 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: Only vested shares can be exercised under this option. 25% of the shares vested on 10/05/2012; the remaining shares vest monthly over the following 36 months so that the options were fully vested and exercisable on 10/05/2015
F4: Only vested shares can be exercised under this option. 25% of the shares vested on 10/01/2015; the remaining shares vest monthly over the following 36 months so that the option will be fully vested and exercisable on 10/01/2018