SEC Form 4 · accession 0001273902-15-000035
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
JoDee Benson
Officer — VP, Chief Culture Officer
Period of report
May 4, 2015
Accepted (ET)
May 6, 2015 · 6:05 pm EDT
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 | May 4, 2015 | M | 16,435 | $5.55 | A | 34,144 | D | |
| Common Stock | May 4, 2015 | S | 16,435 | $35.7743 | D | 17,709 | 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)F2 | $5.55 | May 4, 2015 | M | 16,435 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 16,435 | 32,000 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on February 11, 2015.
- 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.