SEC Form 4 · accession 0001273902-17-000003
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy R Dehne
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 4:58 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 | Jan 3, 2017 | M | 10,000 | $5.49 | A | 33,640 | D | |
| Common StockF2 | Jan 3, 2017 | S | 10,000 | $57.3119 | D | 23,640 | D | |
| Common StockF4 | Jan 3, 2017 | S | 7,672 | $56.9954 | D | 15,968 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F5 | $5.49 | Jan 3, 2017 | M | 10,000 | D | — | Jul 24, 2019 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 31, 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 $56.85 to $57.74. 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.
- F3This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 22, 2016.
- F4The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.58 to $57.74. 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 option vested on a 4-year schedule: 25% of the shares became exercisable on 07/24/2010; 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 07/24/2013.