Andrew Brannan - 14 Jun 2021 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
VP of Worldwide Sales
Signature
By: Gregory Scott Thomas attorney-in-fact For: Andrew Brannan
Issuer symbol
CRUS
Transactions as of
14 Jun 2021
Net transactions value
-$200,217
Form type
4
Filing time
16 Jun 2021, 16:10:47 UTC
Next filing
09 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $232,185 +4,167 +97% $55.72 8,457 14 Jun 2021 Direct F1
transaction CRUS Common Stock Sale $333,360 -4,167 -49% $80.00 4,290 14 Jun 2021 Direct F1
transaction CRUS Common Stock Options Exercise $213,518 +3,907 +91% $54.65 8,197 14 Jun 2021 Direct F1
transaction CRUS Common Stock Sale $312,560 -3,907 -48% $80.00 4,290 14 Jun 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -3,907 -100% $0.000000* 0 14 Jun 2021 Common Stock 3,907 $54.65 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -4,167 -59% $0.000000 2,865 14 Jun 2021 Common Stock 4,167 $55.72 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on February 5, 2021.
F2 Only vested shares can be exercised under this option. 25% of the shares vested on 11/2/17; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/2/20.
F3 Only vested shares can be exercised under this option. 25% of the shares vested 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.