Filing Details

Accession Number:
0001273902-23-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-07 16:19:43
Reporting Period:
2023-02-03
Accepted Time:
2023-02-07 16:19:43
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
1617143 Andrew Brannan 800 West 6Th Street
Austin TX 78701
Vp, Worldwide Sales 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 2023-02-03 2,865 $55.72 11,070 No 4 M Direct
Common Stock Disposition 2023-02-03 2,865 $97.00 8,205 No 4 S Direct
Common Stock Disposition 2023-02-03 200 $97.00 8,005 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2023-02-03 2,865 $0.00 2,865 $55.72
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2023-02-06 6,252 $0.00 6,252 $102.37
Common Stock Performance Shares Acquisiton 2023-02-06 1,935 $0.00 1,935 $0.00
Common Stock Restricted Stock Units Acquisiton 2023-02-06 2,687 $0.00 2,687 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2027-11-01 No 4 M Direct
6,252 2033-02-06 No 4 A Direct
6,565 No 4 A Direct
9,039 No 4 A Direct
Footnotes
  1. This transaction was made pursuant to a Rule 10b5-1 adopted by the reporting person on February 16, 2022.
  2. Only vested shares can be exercised under this option. 25% of the shares vested on 11/1/18; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/1/21.
  3. Only vested shares can be exercised under this option. 25% of the shares will vest annually so that the option will be fully vested and exercisable on 2/6/27.
  4. Each Performance-based Restricted Stock Unit (PBRSU) 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 PBRSUs 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 February 6, 2023, and ending on February 6, 2026.
  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 2/6/26, the 3-year anniversary of the grant date.