SEC Form 4 · accession 0001273902-15-000040
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason P Rhode
Officer — President & CEO · Director
Period of report
May 5, 2015
Accepted (ET)
May 7, 2015 · 6:49 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 5, 2015 | M | 50,000 | $5.55 | A | 148,873 | D | |
| Common StockF2 | May 5, 2015 | S | 50,000 | $34.9927 | D | 98,873 | D | |
| Common StockF2 | May 5, 2015 | S | 23,318 | $34.9927 | D | 75,555 | D | |
| Common StockF3 | May 5, 2015 | S | 17,500 | $34.9977 | D | 58,055 | D | |
| Common StockF4 | May 5, 2015 | G | 5,700 | — | D | 52,355 | D | |
| Common StockF5 | May 6, 2015 | M | 18,018 | $5.55 | A | 70,373 | D | |
| Common StockF6 | May 6, 2015 | M | 7,048 | $5.25 | A | 77,421 | D | |
| Common StockF7 | May 6, 2015 | M | 21,500 | $7.87 | A | 98,921 | 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)F6 | $5.25 | May 6, 2015 | M | 7,048 | D | Oct 1, 2009 | Oct 1, 2018 | Common Stock | 7,048 | 0 | D |
| Incentive Stock Option (right to buy)F5 | $5.55 | May 6, 2015 | M | 18,018 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 18,018 | 0 | D |
| Incentive Stock Option (right to buy)F7 | $7.87 | May 6, 2015 | M | 21,500 | D | Jun 6, 2008 | Jun 6, 2017 | Common Stock | 21,500 | 13,344 | D |
| Non-Qualified Stock Option (right to buy)F5 | $5.55 | May 5, 2015 | M | 50,000 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 50,000 | 186,982 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on November 25, 2014.
- F2The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $35.56. The reporting person will provide full information regarding the number of shares bought 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.
- F3The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.60 to $35.69. The reporting person will provide full information regarding the number of shares bought 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.
- F4Charitable gift to Dr. Rhode's donor advised fund.
- F5Only vested shares can be exercised under this option. 25% of the shares were vested and 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.
- F6Only vested shares can be exercised under this option. 25% of the shares were vested and exercisable on 10/1/09; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/1/12.
- F7Only vested shares can be exercised under this option. 25% of the shares were vested and exercisable on 06/06/08; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 06/06/11.