SEC Form 4 · accession 0001273902-16-000169
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
May 24, 2016
Accepted (ET)
May 25, 2016 · 6:20 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 24, 2016 | M | 25,000 | $15.41 | A | 41,966 | D | |
| Common StockF1 | May 24, 2016 | S | 25,000 | $35.2243 | D | 16,966 | 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 | $15.41 | May 24, 2016 | M | 25,000 | D | — | Oct 5, 2021 | Common Stock | 25,000 | 10,000 | D |
Explanation of responses
- F1The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.18 to $35.25. The reporting person will provide full information regarding the number of shares sold at 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 option vested on a 4-year schedule: 25% of the shares became exercisable on 10/5/2012; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option fully vested and was exercisable on 10/5/2015. Only vested shares can be exercised under this option.