SEC Form 4 · accession 0001273902-16-000213
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randolph K Carlson
Officer — VP Supply Chain
Period of report
Aug 8, 2016
Accepted (ET)
Aug 9, 2016 · 4:30 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 | Aug 8, 2016 | M | 7,500 | $6.92 | A | 14,765 | D | |
| Common Stock | Aug 8, 2016 | S | 7,500 | $51.131 | D | 7,265 | 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)F1 | $6.92 | Aug 8, 2016 | M | 7,500 | D | — | Feb 3, 2020 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1The option vests on a 4-year schedule: 25% of the shares became exercisable on 2/3/2011; 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 2/3/2014. Only vested shares can be exercised under this option.