SEC Form 4 · accession 0001273902-16-000177
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thurman K Case
Officer — VP and CFO
Period of report
Jun 21, 2016
Accepted (ET)
Jun 23, 2016 · 4:32 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 | 7,000 | $5.55 | A | 31,008 | D | |
| Common Stock | Jun 21, 2016 | S | 7,000 | $40.00 | D | 24,008 | D | |
| Common Stock | Jun 21, 2016 | M | 18,619 | $16.25 | A | 42,627 | D | |
| Common Stock | Jun 21, 2016 | S | 18,619 | $40.00 | D | 24,008 | D | |
| Common Stock | Jun 21, 2016 | M | 6,381 | $16.25 | A | 30,389 | D | |
| Common Stock | Jun 21, 2016 | S | 6,381 | $40.00 | D | 24,008 | 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 | $16.25 | Jun 21, 2016 | M | 6,381 | D | Oct 6, 2011 | Oct 6, 2020 | Common Stock | 6,381 | 0 | D |
| Non-Qualified Stock Option (right to buy)F3 | $5.55 | Jun 21, 2016 | M | 7,000 | D | Oct 7, 2010 | Oct 7, 2019 | Common Stock | 7,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F2 | $16.25 | Jun 21, 2016 | M | 18,619 | D | Oct 6, 2011 | Oct 6, 2020 | Common Stock | 18,619 | 0 | D |
Explanation of responses
- F1These transactions were made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on February 29, 2016.
- F2The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/6/2011; 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 10/6/14. Only vested shares can be exercised under this option.
- F3The 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.