SEC Form 4 · accession 0001273902-17-000017
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rashpal Sahota
Officer — VP & Audio GM
Period of report
Feb 6, 2017
Accepted (ET)
Feb 7, 2017 · 5:26 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 | Feb 6, 2017 | M | 2,510 | $31.25 | A | 2,510 | D | |
| Common Stock | Feb 6, 2017 | S | 2,510 | $55.863 | D | 0 | D | |
| Common Stock | Feb 6, 2017 | M | 4,000 | $31.25 | A | 4,000 | D | |
| Common Stock | Feb 6, 2017 | S | 4,000 | $55.863 | 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 | Feb 6, 2017 | M | 4,000 | D | — | Nov 4, 2025 | Common Stock | 4,000 | 8,800 | D |
| Non-Qualified Stock Option (right to buy)F1 | $31.25 | Feb 6, 2017 | M | 2,510 | D | — | Nov 4, 2025 | Common Stock | 2,510 | 5,523 | D |
Explanation of responses
- F1Only vested shares can be exercised under this option. 25% of the shares vested on 11/4/16; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/4/19.