SEC Form 4 · accession 0001273902-16-000301
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Brannan
Officer — VP of Worldwide Sales
Period of report
Nov 29, 2016
Accepted (ET)
Dec 1, 2016 · 6:08 pm EST
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 | Nov 29, 2016 | M | 2,008 | $31.25 | A | 2,008 | D | |
| Common Stock | Nov 29, 2016 | S | 2,008 | $57.2439 | D | 0 | D | |
| Common Stock | Nov 29, 2016 | M | 3,200 | $31.25 | A | 3,200 | D | |
| Common Stock | Nov 29, 2016 | S | 3,200 | $57.2439 | D | 0 | 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 | $31.25 | Nov 29, 2016 | M | 3,200 | D | — | Nov 4, 2025 | Common Stock | 3,200 | 9,600 | D |
| Non-Qualified Stock Option (right to buy)F1 | $31.25 | Nov 29, 2016 | M | 2,008 | D | — | Nov 4, 2025 | Common Stock | 2,008 | 6,025 | D |
Explanation of responses
- F1The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/4/2016; the remaining 75% of the shares 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 11/4/2019.