SEC Form 4 · accession 0001273902-17-000111

CIRRUS LOGIC, INC. · CRUS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP General Counsel & Corp

Period of report

Nov 1, 2017

Accepted (ET)

Nov 2, 2017 · 5:11 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000772406

Table I — non-derivative securities

No Table I lines on this filing.

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	$55.72	Nov 1, 2017	A	1,794	A	—	Nov 1, 2027	Common Stock	1,794	1,794	D
Non-Qualified Stock Option (right to buy)^F1	$55.72	Nov 1, 2017	A	11,706	A	—	Nov 1, 2027	Common Stock	11,706	11,706	D
Performance Shares^F2	—	Nov 1, 2017	A	3,400	A	—	—	Common Stock	3,400	12,439	D
Restricted Stock Units^F3,F4	—	Nov 1, 2017	A	4,500	A	—	—	Common Stock	4,500	16,500	D

F1Only vested shares can be exercised under this option. 25% of the shares will vest on 11/1/18; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/1/21.
F2Each Performance-based Restricted Stock Unit ("RSU's") represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the performance-based RSU's is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on November 1, 2017, and ending on November 1, 2020.
F3Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F4100% of the restricted stock units will vest on 11/1/20, the 3-year anniversary of the grant date.