CIRRUS LOGIC, INC. — Director's Dealing 2019

Jun 3, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CIRRUS LOGIC INC (CRUS)
CIK: 0000772406
Period of Report: 2019-05-17

Reporting Person: Alberty Carl Jackson (VP of MSP)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12296	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$42.64	2029-04-03	Common Stock (7919)		Direct
Non-Qualified Stock Option (right to buy)	$42.64	2029-04-03	Common Stock (2681)		Direct
Performance Shares	$0.0	2022-04-03	Common Stock (3200)		Direct
Restricted Stock Units	$0.0	2019-11-02	Common Stock (5624)		Direct
Restricted Stock Units	$0.0	2020-11-01	Common Stock (6624)		Direct
Restricted Stock Units	$0.0	2021-11-07	Common Stock (7978)		Direct
Restricted Stock Units	$0.0	2022-04-03	Common Stock (5000)		Direct

Footnotes

F1: The option vests on a 4-year schedule: 25% of the shares become exercisable on 4/3/2020; the remaining 75% of the shares vests at a rate of 1/36th per month over the next 36 months so that the option will be fully vested and exercisable on 4/3/2023.

F2: Each Performance-based Restricted Stock Unit ("PBRSUs") 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 RSUs 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 April 3, 2019, and ending on April 3, 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 the 3-year anniversary of the grant date.