CIRRUS LOGIC, INC. — Director's Dealing 2020

Nov 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2020-11-05

Reporting Person: CASE THURMAN K (VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-05	Common Stock	M	734	$31.25	Acquired	11555	Direct
2020-11-05	Common Stock	S	734	$71.9856	Disposed	10821	Direct
2020-11-05	Common Stock	M	2000	$20.37	Acquired	12821	Direct
2020-11-05	Common Stock	S	2000	$71.9856	Disposed	10821	Direct
2020-11-05	Common Stock	M	2000	$20.37	Acquired	12821	Direct
2020-11-05	Common Stock	S	2000	$71.9856	Disposed	10821	Direct
2020-11-05	Common Stock	M	2000	$23.34	Acquired	12821	Direct
2020-11-05	Common Stock	S	2000	$71.9856	Disposed	10821	Direct
2020-11-05	Common Stock	S	1000	$71.74	Disposed	9821	Direct
2020-11-05	Common Stock	S	1300	$71.9379	Disposed	8521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-05	Incentive Stock Option (right to buy)	$20.37	M	2000	Disposed	2024-10-01	Common Stock (2000)	Direct
2020-11-05	Incentive Stock Option (right to buy)	$23.34	M	2000	Disposed	2023-10-02	Common Stock (2000)	Direct
2020-11-05	Incentive Stock Option (right to buy)	$31.25	M	734	Disposed	2025-11-04	Common Stock (734)	Direct
2020-11-05	Non-Qualified Stock Option (right to buy)	$20.37	M	2000	Disposed	2024-10-01	Common Stock (2000)	Direct

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 28, 2020.

F2: The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $71.34 to $72.31. 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.

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 $71.74 to $72.14. 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: Only vested shares can be exercised under this option. 25% of the shares vested on 10/1/15; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/1/18.

F5: Only vested shares can be exercised under this option. 25% of the shares vested on 10/2/14; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/2/17.

F6: Only vested shares can be exercised under this option. 25% of the shares vested on 11/4/16; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/4/19.