Filing Details
- Accession Number:
- 0001273902-22-000016
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-03 18:10:19
- Reporting Period:
- 2022-03-01
- Accepted Time:
- 2022-03-03 18:10:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1777830 | W Jeffrey Baumgartner | 800 West 6Th Street Austin TX 78701 | Vp, R&D | 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 | 2022-03-01 | 5,000 | $68.56 | 8,083 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-01 | 5,000 | $85.93 | 3,083 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-03-01 | 2,168 | $41.49 | 5,251 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-01 | 2,168 | $85.92 | 3,083 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2022-03-01 | 6,425 | $41.49 | 9,508 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2022-03-01 | 6,425 | $85.92 | 3,083 | 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 | |
| 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 | 2022-03-01 | 6,425 | $0.00 | 6,425 | $41.49 |
| Common Stock | Incentive Stock Option (right to buy) | Acquisiton | 2022-03-02 | 1,074 | $0.00 | 1,074 | $88.00 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2022-03-01 | 2,168 | $0.00 | 2,168 | $41.49 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Disposition | 2022-03-01 | 5,000 | $0.00 | 5,000 | $68.56 |
| Common Stock | Non-Qualified Stock Option (right to buy) | Acquisiton | 2022-03-02 | 6,408 | $0.00 | 6,408 | $88.00 |
| Common Stock | Performance Shares | Acquisiton | 2022-03-02 | 2,596 | $0.00 | 2,596 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2022-03-02 | 3,220 | $0.00 | 3,220 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 804 | 2028-11-07 | No | 4 | M | Direct | |
| 1,074 | 2032-03-02 | No | 4 | A | Direct | |
| 3,103 | 2028-11-07 | No | 4 | M | Direct | |
| 5,542 | 2029-11-06 | No | 4 | M | Direct | |
| 6,408 | 2032-03-02 | No | 4 | A | Direct | |
| 8,815 | No | 4 | A | Direct | ||
| 11,749 | No | 4 | A | Direct |
Footnotes
- This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 31, 2021.
- The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.13 to $86.64. 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.
- The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.18 to $86.64. 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.
- Only vested shares can be exercised under this option. 25% of the shares vested on 11/07/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/07/22.
- Only vested shares can be exercised under this option. 25% of the shares will vest on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26.
- Only vested shares can be exercised under this option. 25% of the shares vested on 11/06/20; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/06/23.
- Each Performance-based Restricted Stock Unit (?PBRSU?) 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 PBRSUs 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 March 2, 2022, and ending on March 2, 2025.
- 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 3/2/25, the 3-year anniversary of the grant date.
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