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CIRRUS LOGIC, INC. — Director's Dealing 2021
May 21, 2021
30880_dirs_2021-05-21_2331883a-65f6-4651-9c71-7a1a6fce842b.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2021-05-14
Reporting Person: Dougherty Justin E (VP Eng'g Operations)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4039 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Incentive Stock Option (right to buy) | $68.56 | 2029-11-06 | Common Stock (5832) | Direct | |
| Incentive Stock Option (right to buy) | $78.0 | 2031-03-03 | Common Stock (1820) | Direct | |
| Non-Qualified Stock Option (right to buy) | $68.56 | 2029-11-06 | Common Stock (4068) | Direct | |
| Non-Qualified Stock Option (right to buy) | $78.0 | 2031-03-03 | Common Stock (6781) | Direct | |
| Performance Shares | $0.0 | 2022-11-06 | Common Stock (2640) | Direct | |
| Performance Shares | $0.0 | 2024-03-03 | Common Stock (2718) | Direct | |
| Restricted Stock Units | $0.0 | 2021-11-07 | Common Stock (7500) | Direct | |
| Restricted Stock Units | $0.0 | 2022-07-03 | Common Stock (13000) | Direct | |
| Restricted Stock Units | $0.0 | 2022-11-06 | Common Stock (3300) | Direct | |
| Restricted Stock Units | $0.0 | 2024-03-03 | Common Stock (4077) | Direct |
Footnotes
F1: The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/6/2020; 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 11/6/2023.
F2: The option vests on a 4-year schedule: 25% of the shares become exercisable on 3/3/2022; 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 3/3/2025.
F3: 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. The number of shares reported represents the target amount.
F4: 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 March 3, 2021, and ending on March 3, 2024. The number of shares reported represents the target amount.
F5: Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F6: 100% of the restricted stock units will vest on the 3-year anniversary of the grant date.