CIRRUS LOGIC, INC. — Director's Dealing 2021

Mar 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2021-03-03

Reporting Person: Benson JoDee (VP & Chief Culture Office)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-03	Incentive Stock Option (right to buy)	$78.0	A	1745	Acquired	2031-03-03	Common Stock (1745)	Direct
2021-03-03	Non-Qualified Stock Option (right to buy)	$78.0	A	5661	Acquired	2031-03-03	Common Stock (5661)	Direct
2021-03-03	Performance Shares	$	A	2340	Acquired		Common Stock (2340)	Direct
2021-03-03	Restricted Stock Units	$	A	3511	Acquired		Common Stock (3511)	Direct

Footnotes

F1: Only vested shares can be exercised under this option. 25% of the shares will vest on 3/3/22; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/3/25.

F2: 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.

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 3/3/24, the 3-year anniversary of the grant date.