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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.