SEC Form 4 · accession 0001273902-15-000016
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan Wang
Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 25, 2015 · 5:16 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 23, 2015 | M | 22,687 | $15.31 | A | 42,132 | D | |
| Common StockF1 | Feb 23, 2015 | S | 22,687 | $29.5403 | D | 19,445 | D | |
| Common StockF2 | Feb 23, 2015 | S | 19,445 | $29.5458 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F3 | $15.31 | Feb 23, 2015 | M | 22,687 | D | — | Jul 28, 2021 | Common Stock | 22,687 | 3,242 | 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 $29.45 to $29.66. 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.
- F2The sales price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.45 to $29.65. 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.
- F3Only vested shares can be exercised under this option. 25% of the shares vested on 07/28/12; the remaining shares vested or will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 07/28/15.