SEC Form 4 · accession 0001273902-17-000065
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randolph K Carlson
Officer — VP of Supply Chain Divisi
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 4:56 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 | Aug 8, 2017 | M | 20,000 | $38.99 | A | 27,265 | D | |
| Common StockF1 | Aug 8, 2017 | S | 20,000 | $57.1043 | D | 7,265 | D | |
| Common Stock | Aug 8, 2017 | M | 7,265 | $23.34 | A | 14,530 | D | |
| Common StockF1 | Aug 8, 2017 | S | 7,265 | $57.1043 | D | 7,265 | D | |
| Common Stock | Aug 8, 2017 | M | 14,077 | $20.37 | A | 21,342 | D | |
| Common StockF1 | Aug 8, 2017 | S | 14,077 | $57.1043 | D | 7,265 | D | |
| Common Stock | Aug 8, 2017 | M | 89 | $20.37 | A | 7,354 | D | |
| Common StockF1 | Aug 8, 2017 | S | 89 | $57.1043 | D | 7,265 | D | |
| Common Stock | Aug 8, 2017 | M | 11,901 | $23.34 | A | 19,166 | D | |
| Common StockF1 | Aug 8, 2017 | S | 11,901 | $57.1043 | D | 7,265 | 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)F2 | $20.37 | Aug 8, 2017 | M | 89 | D | — | Oct 1, 2024 | Common Stock | 89 | 4,212 | D |
| Incentive Stock Option (right to buy)F3 | $23.34 | Aug 8, 2017 | M | 11,901 | D | — | Oct 2, 2023 | Common Stock | 11,901 | 834 | D |
| Non-Qualified Stock Option (right to buy)F2 | $20.37 | Aug 8, 2017 | M | 14,077 | D | — | Oct 1, 2024 | Common Stock | 14,077 | 1,622 | D |
| Non-Qualified Stock Option (right to buy)F3 | $23.34 | Aug 8, 2017 | M | 7,265 | D | — | Oct 2, 2023 | Common Stock | 7,265 | 0 | D |
| Non-Qualified Stock Option (right to buy)F4 | $38.99 | Aug 8, 2017 | M | 20,000 | D | — | Oct 3, 2022 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1The price reported in Table 1 - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.84 to 57.24. The reporting person will provide full information regarding the number of shares sold at 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.
- F2Only vested shares can be exercised under this option. 25% of the shares vested on 10/1/2014; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 10/1/2017.
- F3Only vested shares can be exercised under this option. 25% of the shares vested on 10/2/2013; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/2/2016.
- F4Only vested shares can be exercised under this option. 25% of the shares vested on 10/3/2012; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/3/2015.