SEC Form 4 · accession 0001273902-17-000037
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
May 15, 2017
Accepted (ET)
May 17, 2017 · 5:51 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 15, 2017 | M | 10,500 | $20.37 | A | 24,432 | D | |
| Common StockF1 | May 15, 2017 | S | 10,500 | $64.1659 | D | 13,932 | D | |
| Common Stock | May 15, 2017 | S | 6,966 | $64.2409 | D | 6,966 | D | |
| Common Stock | May 16, 2017 | M | 5,000 | $15.41 | A | 11,966 | D | |
| Common StockF2 | May 16, 2017 | S | 5,000 | $66.0885 | D | 6,966 | 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)F3 | $15.41 | May 16, 2017 | M | 5,000 | D | — | Oct 5, 2021 | Common Stock | 5,000 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $20.37 | May 15, 2017 | M | 10,500 | D | — | Oct 1, 2024 | Common Stock | 10,500 | 3,591 | D |
Explanation of responses
- F1The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.10 to $64.27. 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.
- F2The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.0801 to $66.09. 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.
- F3Only vested shares can be exercised under this option. 25% of the shares vested on 10/05/2012; the remaining shares vest monthly over the following 36 months so that the options were fully vested and exercisable on 10/05/2015
- F4Only vested shares can be exercised under this option. 25% of the shares vested on 10/01/2015; the remaining shares vest monthly over the following 36 months so that the option will be fully vested and exercisable on 10/01/2018