SEC Form 4 · accession 0001273902-18-000063

CIRRUS LOGIC, INC. · CRUS

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

Reporting owner

Officer — VP & CFO

Period of report

Nov 7, 2018

Accepted (ET)

Nov 9, 2018 · 5:41 pm EST

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	$41.49	Nov 7, 2018	A	2,411	A	—	Nov 7, 2028	Common Stock	2,411	2,411	D
Non-Qualified Stock Option (right to buy)^F1	$41.49	Nov 7, 2018	A	10,589	A	—	Nov 7, 2028	Common Stock	10,589	10,589	D
Performance Shares^F2	—	Nov 7, 2018	A	3,200	A	—	—	Common Stock	3,200	9,600	D
Restricted Stock Units^F3,F4	—	Nov 7, 2018	A	4,300	A	—	—	Common Stock	4,300	12,900	D

F1Only vested shares can be exercised under this option. 25% of the shares will vest on 11/7/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/7/22.
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 7, 2018, and ending on November 7, 2021.
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 11/7/21, the 3-year anniversary of the grant date.