Andrew Brannan - Jun 14, 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
Stock symbol
CRUS
Transactions as of
Jun 14, 2021
Transactions value $
-$200,217
Form type
4
Date filed
6/16/2021, 04:10 PM
Next filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $232K +4.17K +97.13% $55.72 8.46K Jun 14, 2021 Direct F1
transaction CRUS Common Stock Sale -$333K -4.17K -49.27% $80.00 4.29K Jun 14, 2021 Direct F1
transaction CRUS Common Stock Options Exercise $214K +3.91K +91.07% $54.65 8.2K Jun 14, 2021 Direct F1
transaction CRUS Common Stock Sale -$313K -3.91K -47.66% $80.00 4.29K Jun 14, 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 -3.91K -100% $0.00* 0 Jun 14, 2021 Common Stock 3.91K $54.65 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -4.17K -59.26% $0.00 2.87K Jun 14, 2021 Common Stock 4.17K $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.