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CIRRUS LOGIC, INC. — Director's Dealing 2018
Nov 9, 2018
30880_dirs_2018-11-09_b74b995f-cae1-4c7d-aed5-0c1f2d647362.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: Brannan Andrew (VP of Worldwide Sales)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-11-07 | Non-Qualified Stock Option (right to buy) | $41.49 | A | 12500 | Acquired | 2028-11-07 | Common Stock (12500) | 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.