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CIRRUS LOGIC, INC. — Director's Dealing 2019
Nov 8, 2019
30880_dirs_2019-11-08_a03c903c-07f2-4719-9db3-01889cdf34ef.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: ANDERSON SCOTT ARNOLD (Senior VP of Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-06 | Common Stock | M | 16000 | $38.99 | Acquired | 25465 | Direct |
| 2019-11-06 | Common Stock | S | 16000 | $68.808 | Disposed | 9465 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-06 | Non-Qualified Stock Option (right to buy) | $38.99 | M | 16000 | Disposed | 2022-10-03 | Common Stock (16000) | Direct |
| 2019-11-06 | Restricted Stock Units | $ | A | 5000 | Acquired | Common Stock (5000) | Direct |
Footnotes
F1: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.42 to $69.28. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
F2: Only vested shares can be exercised under this option. 25% of the shares vested on 10/3/13; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/3/16.
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 11/6/20, the 1-year anniversary of the grant date.