SEC Form 4 · accession 0001273902-17-000078
CIRRUS LOGIC, INC. · CRUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christine King
Director
Period of report
Sep 15, 2017
Accepted (ET)
Sep 19, 2017 · 5:40 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 | Sep 15, 2017 | M | 5,000 | $24.14 | A | 16,182 | D | |
| Common StockF2 | Sep 15, 2017 | S | 5,000 | $57.4201 | D | 11,182 | 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 | $24.14 | Sep 15, 2017 | M | 5,000 | D | — | Oct 17, 2023 | Common Stock | 5,000 | 10,562 | D |
Explanation of responses
- F1This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 5, 2017.
- F2The price reported in Table 1 - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.31 to 57.62. 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.
- F3Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 10/17/2014. The remaining shares vest monthly thereafter over the following 36 months so that the option will be fully vested and exercisable on 10/17/2017.