SEC Form 4 · accession 0001273902-15-000056
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R Dehne
Director
Period of report
Jul 27, 2015
Accepted (ET)
Jul 28, 2015 · 5:06 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 | Jul 27, 2015 | M | 10,000 | $19.82 | A | 35,931 | D | |
| Common StockF1 | Jul 27, 2015 | S | 10,000 | $33.8625 | D | 25,931 | 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 | $19.82 | Jul 27, 2015 | M | 10,000 | D | — | Jul 23, 2020 | Common Stock | 10,000 | 15,000 | 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 $33.85 to $33.92. 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 07/23/11. The remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 07/23/14.