Filing Details
- Accession Number:
- 0001273902-16-000277
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-11-04 20:35:58
- Reporting Period:
- 2016-11-02
- Filing Date:
- 2016-11-04
- Accepted Time:
- 2016-11-04 20:35:58
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
772406 | Cirrus Logic Inc | CRUS | Semiconductors & Related Devices (3674) | 770024818 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1197844 | J Bradley Fluke | 800 West 6Th Street Austin TX 78701 | Vp & Gm, Mems Division | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2016-11-04 | 1,804 | $31.25 | 1,804 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-11-04 | 1,804 | $54.65 | 0 | No | 4 | S | Direct | |
Common Stock | Acquisiton | 2016-11-04 | 800 | $31.25 | 800 | No | 4 | M | Direct | |
Common Stock | Disposition | 2016-11-04 | 800 | $54.65 | 0 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | Direct | |
No | 4 | M | Direct | |
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Incentive Stock Option (right to buy) | Disposition | 2016-11-04 | 800 | $0.00 | 800 | $31.25 |
Common Stock | Incentive Stock Option (right to buy) | Acquisiton | 2016-11-02 | 3,733 | $0.00 | 3,733 | $54.65 |
Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2016-11-04 | 1,804 | $0.00 | 1,804 | $31.25 |
Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2016-11-02 | 8,767 | $0.00 | 8,767 | $54.65 |
Common Stock | Performance Shares | Acquisiton | 2016-11-02 | 3,100 | $0.00 | 3,100 | $0.00 |
Common Stock | Restricted Stock Units | Acquisiton | 2016-11-02 | 4,125 | $0.00 | 4,125 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
5,600 | 2025-11-04 | No | 4 | M | Direct | |
3,733 | 2026-11-02 | No | 4 | A | Direct | |
12,629 | 2025-11-04 | No | 4 | M | Direct | |
8,767 | 2026-11-02 | No | 4 | A | Direct | |
8,269 | No | 4 | A | Direct | ||
23,000 | No | 4 | A | Direct |
Footnotes
- This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 04, 2016.
- The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/04/2016; the remaining 75% of the shares will vest at a rate of 1/36th per month over the following 36 months so that the option will be fully vested and exercisable on 11/04/2019.
- Only vested shares can be exercised under this option. 25% of the shares will vest on 11/2/17; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/2/20.
- Each 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 2, 2016, and ending on November 2, 2019.
- Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- 100% of the restricted stock units will vest on 11/2/19, the 3-year anniversary of the grant date.