THURMAN K. CASE - 07 Dec 2021 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
VP & CFO
Signature
By: Gregory Scott Thomas For: Thurman K. Case
Issuer symbol
CRUS
Transactions as of
07 Dec 2021
Net transactions value
-$283,800
Form type
4
Filing time
09 Dec 2021, 15:21:18 UTC
Previous filing
03 Dec 2021
Next filing
10 Dec 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 $31,250 +1,000 +8.2% $31.25 13,219 07 Dec 2021 Direct F1
transaction CRUS Common Stock Sale $85,000 -1,000 -7.6% $85.00 12,219 07 Dec 2021 Direct F1
transaction CRUS Common Stock Options Exercise $194,950 +5,000 +41% $38.99 17,219 07 Dec 2021 Direct F1
transaction CRUS Common Stock Sale $425,000 -5,000 -29% $85.00 12,219 07 Dec 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 -1,000 -14% $0.000000 6,046 07 Dec 2021 Common Stock 1,000 $31.25 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -5,000 -100% $0.000000* 0 07 Dec 2021 Common Stock 5,000 $38.99 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 August 11, 2021.
F2 Only vested shares can be exercised under this option. 25% of the shares vested on 11/04/16; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/04/19.
F3 Only vested shares can be exercised under this option. 25% of the shares vested on 10/03/13; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/03/16.