Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CIRRUS LOGIC, INC. Director's Dealing 2018

Nov 9, 2018

30880_dirs_2018-11-09_3b8a0b4c-058d-42d5-8880-9741ec66122e.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2018-11-07

Reporting Person: FLUKE BRADLEY J (VP & GM, MEMS Division)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2018-11-07 Incentive Stock Option (right to buy) $41.49 A 2412 Acquired 2028-11-07 Common Stock (2412) Direct
2018-11-07 Non-Qualified Stock Option (right to buy) $41.49 A 10088 Acquired 2028-11-07 Common Stock (10088) Direct
2018-11-07 Performance Shares $ A 3100 Acquired Common Stock (3100) Direct
2018-11-07 Restricted Stock Units $ A 4125 Acquired Common Stock (4125) Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 11/7/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/7/22.

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 7, 2018,
and ending on November 7, 2021.

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 11/7/21, the 3-year anniversary of the grant date.