Filing Details

Accession Number:
0001273902-16-000277
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-04 20:35:58
Reporting Period:
2016-11-02
Filing Date:
2016-11-04
Accepted Time:
2016-11-04 20:35:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
772406 Cirrus Logic Inc CRUS Semiconductors & Related Devices (3674) 770024818
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1197844 J Bradley Fluke 800 West 6Th Street
Austin TX 78701
Vp & Gm, Mems Division No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-11-04 1,804 $31.25 1,804 No 4 M Direct
Common Stock Disposition 2016-11-04 1,804 $54.65 0 No 4 S Direct
Common Stock Acquisiton 2016-11-04 800 $31.25 800 No 4 M Direct
Common Stock Disposition 2016-11-04 800 $54.65 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Incentive Stock Option (right to buy) Disposition 2016-11-04 800 $0.00 800 $31.25
Common Stock Incentive Stock Option (right to buy) Acquisiton 2016-11-02 3,733 $0.00 3,733 $54.65
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2016-11-04 1,804 $0.00 1,804 $31.25
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2016-11-02 8,767 $0.00 8,767 $54.65
Common Stock Performance Shares Acquisiton 2016-11-02 3,100 $0.00 3,100 $0.00
Common Stock Restricted Stock Units Acquisiton 2016-11-02 4,125 $0.00 4,125 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,600 2025-11-04 No 4 M Direct
3,733 2026-11-02 No 4 A Direct
12,629 2025-11-04 No 4 M Direct
8,767 2026-11-02 No 4 A Direct
8,269 No 4 A Direct
23,000 No 4 A Direct
Footnotes
  1. This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 04, 2016.
  2. The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/04/2016; the remaining 75% of the shares will vest at a rate of 1/36th per month over the following 36 months so that the option will be fully vested and exercisable on 11/04/2019.
  3. Only vested shares can be exercised under this option. 25% of the shares will vest on 11/2/17; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/2/20.
  4. 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 2, 2016, and ending on November 2, 2019.
  5. Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
  6. 100% of the restricted stock units will vest on 11/2/19, the 3-year anniversary of the grant date.