SEC Form 4 · accession 0001273902-16-000253

CIRRUS LOGIC, INC. · CRUS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Scott Arnold Anderson

Officer — VP & GM Audio Division

Period of report

Oct 31, 2016

Accepted (ET)

Nov 2, 2016 · 6:51 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
Common Stock	Oct 31, 2016	M	1,200	$23.34	A	15,132	D
Common Stock^F2	Oct 31, 2016	S	1,200	$55.355	D	13,932	D
Common Stock	Oct 31, 2016	M	5,000	$15.41	A	18,932	D
Common Stock^F3	Oct 31, 2016	S	5,000	$54.3398	D	13,932	D
Common Stock	Oct 31, 2016	M	8,847	$16.25	A	22,779	D
Common Stock^F4	Oct 31, 2016	S	8,847	$54.3351	D	13,932	D
Common Stock	Oct 31, 2016	M	6,153	$16.25	A	20,085	D
Common Stock^F5	Oct 31, 2016	S	6,153	$54.3458	D	13,932	D
Common Stock	Nov 1, 2016	M	8,660	$23.34	A	22,592	D
Common Stock	Nov 1, 2016	S	8,660	$55.00	D	13,932	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)^F6	$16.25	Oct 31, 2016	M	6,153	D	—	Oct 6, 2020	Common Stock	6,153	0	D
Non-Qualified Stock Option (right to buy)^F7	$15.41	Oct 31, 2016	M	5,000	D	—	Oct 5, 2021	Common Stock	5,000	5,000	D
Non-Qualified Stock Option (right to buy)^F6	$16.25	Oct 31, 2016	M	8,847	D	—	Oct 6, 2020	Common Stock	8,847	0	D
Non-Qualified Stock Option (right to buy)^F8	$23.34	Oct 31, 2016	M	1,200	D	—	Oct 2, 2023	Common Stock	1,200	9,948	D
Non-Qualified Stock Option (right to buy)^F8	$23.34	Nov 1, 2016	M	8,660	D	—	Oct 2, 2023	Common Stock	8,660	1,288	D

Explanation of responses

F1This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 26, 2016.
F2The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.11 to $55.60. The reporting person will provide full information regarding the number of shares bought 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.
F3The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.86 to $54.97. The reporting person will provide full information regarding the number of shares bought 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.
F4The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.92 to $54.97. The reporting person will provide full information regarding the number of shares bought 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.
F5The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.87 to $54.97. The reporting person will provide full information regarding the number of shares bought 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.
F6The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/06/2011; 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 10/06/2014. Only vested shares can be exercised under this option.
F7The option vested on a 4-year schedule: 25% of the shares became exercisable on 10/05/2012; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option was fully vested and exercisable on 10/05/2015. Only vested shares can be exercised under this option.
F8The option vests on a 4-year schedule: 25% of the shares became exercisable on 10/02/2014; the remaining 75% of the shares will vest at a rate of 1/36th per month over the following 36 months so that the option will be fully vested and exercisable on 10/02/2017. Only vested shares can be exercised under this option.