CIRRUS LOGIC, INC. — Director's Dealing 2019

Nov 5, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2019-11-02

Reporting Person: Rhode Jason P (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-02	Common Stock	F	9838	$72.43	Disposed	223365	Direct
2019-11-02	Common Stock	M	25000	$0.0	Acquired	248365	Direct
2019-11-04	Common Stock	M	135000	$15.41	Acquired	383365	Direct
2019-11-04	Common Stock	S	135000	$69.135	Disposed	248365	Direct
2019-11-04	Common Stock	S	43207	$69.9233	Disposed	205158	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-04	Non-Qualified Stock Option (right to buy)	$15.41	M	135000	Disposed	2021-10-05	Common Stock (135000)	Direct
2019-11-02	Restricted Stock Units	$	M	25000	Disposed		Common Stock (25000)	Direct

Footnotes

F1: No shares were sold: these shares were withheld to satisfy tax withholding requirements.

F2: This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 19, 2019

F3: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.58 to $72.24. 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.

F4: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.69 to $72.24. 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.

F5: The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/5/2012; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option was fully vested and exercisable on 10/05/2015

F6: Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on November 2, 2019, and the Company withheld sufficient shares for payment of required tax withholdings.

F7: Expiration date of 11/02/19.