Filing Details

Accession Number:
0001273902-23-000022
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-08 18:07:12
Reporting Period:
2023-02-06
Accepted Time:
2023-02-08 18:07:12
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
1863257 E Justin Dougherty 800 West 6Th Street
Austin TX 78701
Svp, Global Operations 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 2023-02-07 8,043 $68.56 25,493 No 4 M Direct
Common Stock Disposition 2023-02-07 8,043 $103.50 17,450 No 4 S Direct
Common Stock Disposition 2023-02-07 8,170 $103.84 9,280 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 Incentive Stock Option (right to buy) Acquisiton 2023-02-06 1,573 $0.00 1,573 $102.37
Common Stock Non-Qualified Stock Option (right to buy) Acquisiton 2023-02-06 5,436 $0.00 5,436 $102.37
Common Stock Performance Shares Acquisiton 2023-02-06 2,169 $0.00 2,169 $0.00
Common Stock Restricted Stock Units Acquisiton 2023-02-06 3,012 $0.00 3,012 $0.00
Common Stock Incentive Stock Option (right to buy) Disposition 2023-02-07 4,638 $0.00 4,638 $68.56
Common Stock Non-Qualified Stock Option (right to buy) Disposition 2023-02-07 3,405 $0.00 3,405 $68.56
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,573 2033-02-06 No 4 A Direct
5,436 2033-02-06 No 4 A Direct
7,330 No 4 A Direct
10,120 No 4 A Direct
1,194 2029-11-06 No 4 M Direct
663 2029-11-06 No 4 M Direct
Footnotes
  1. The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.92 to $103.83. 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.
  2. 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.
  3. 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.
  4. Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
  5. 100% of the restricted stock units will vest on 2/6/26, the 3-year anniversary of the grant date.
  6. Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/6/23.