Muhammad Raghib Hussain - Sep 29, 2021 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas For: Muhammad Raghib Hussain
Stock symbol
CRUS
Transactions as of
Sep 29, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 08:17 PM
Previous filing
Aug 17, 2021
Next filing
Oct 19, 2021

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) Award $0 +7.24K $0.00 7.24K Sep 29, 2021 Common Stock 7.24K $82.14 Direct F1
transaction CRUS Restricted Stock Units Award $0 +1.93K $0.00 1.93K Sep 29, 2021 Common Stock 1.93K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Only vested shares can be exercised under this option. 25% of the shares will vest and become exercisable on 9/29/22. The remaining shares will vest monthly thereafter over the following 36 months so that the option is fully vested and exercisable on 9/29/25.
F2 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F3 Shares granted upon his appointment to the Cirrus Logic, Inc. Board of Directors.
F4 100% of the restricted stock units will vest on the date of the Company's next Annual Meeting