SEC Form 4 · accession 0001273902-15-000008
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Arnold Anderson
Officer — SVP & GM Mixed Signal Audio
Period of report
Feb 3, 2015
Accepted (ET)
Feb 4, 2015 · 6:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000772406
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 3, 2015 | M | 22,634 | $5.55 | A | 56,542 | D | |
| Common StockF1 | Feb 3, 2015 | S | 22,634 | $27.5347 | D | 33,908 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy)F2 | $5.55 | Feb 3, 2015 | M | 22,634 | D | — | Oct 7, 2019 | Common Stock | 22,634 | 0 | D |
Explanation of responses
- F1The sales price reported in Table I- Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.51 to $27.61. The reporting person will provide full information regarding the number of shares sold as 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.
- F2Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 10/7/10. The remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/7/13.