SEC Form 4 · accession 0001273902-16-000175
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Thomas
Officer — VP General Counsel
Period of report
Jun 21, 2016
Accepted (ET)
Jun 23, 2016 · 4:28 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 | Jun 21, 2016 | M | 22,634 | $5.55 | A | 61,005 | D | |
| Common Stock | Jun 21, 2016 | S | 22,634 | $40.00 | D | 38,371 | D | |
| Common Stock | Jun 21, 2016 | M | 27,366 | $5.55 | A | 65,737 | D | |
| Common Stock | Jun 21, 2016 | S | 27,366 | $40.00 | D | 38,371 | 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)F2 | $5.55 | Jun 21, 2016 | M | 22,634 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 22,634 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $5.55 | Jun 21, 2016 | M | 27,366 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 27,366 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 5, 2015.
- F2The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/7/2010; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option was fully vested and exercisable on 10/7/13. Only vested shares can be exercised under this option.