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CIRRUS LOGIC, INC. — Director's Dealing 2019
Nov 8, 2019
30880_dirs_2019-11-08_a628fb9d-27e8-44e2-a611-5471045152b4.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: 2019-11-06
Reporting Person: Rhode Jason P (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-06 | Incentive Stock Option (right to buy) | $68.56 | A | 1458 | Acquired | 2029-11-06 | Common Stock (1458) | Direct |
| 2019-11-06 | Non-Qualified Stock Option (right to buy) | $68.56 | A | 48542 | Acquired | 2029-11-06 | Common Stock (48542) | Direct |
| 2019-11-06 | Performance Shares | $ | A | 13800 | Acquired | Common Stock (13800) | Direct | |
| 2019-11-06 | Restricted Stock Units | $ | A | 17250 | Acquired | Common Stock (17250) | Direct |
Footnotes
F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 11/6/20; the remaining shares will vest monthly over the following 36
months so that the option will be fully vested and exercisable on 11/6/23.
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 6, 2019, and ending on November 6, 2022.
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 11/6/22, the 3-year anniversary of the grant date.