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CIRRUS LOGIC, INC. — Director's Dealing 2018
Nov 9, 2018
30880_dirs_2018-11-09_3b8a0b4c-058d-42d5-8880-9741ec66122e.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: 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.