Thurman Case - Dec 7, 2021 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
VP & CFO
Signature
By: Gregory Scott Thomas For: Thurman K. Case
Stock symbol
CRUS
Transactions as of
Dec 7, 2021
Transactions value $
-$283,800
Form type
4
Date filed
12/9/2021, 03:21 PM
Previous filing
Dec 3, 2021
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $31.3K +1K +8.18% $31.25 13.2K Dec 7, 2021 Direct F1
transaction CRUS Common Stock Sale -$85K -1K -7.56% $85.00 12.2K Dec 7, 2021 Direct F1
transaction CRUS Common Stock Options Exercise $195K +5K +40.92% $38.99 17.2K Dec 7, 2021 Direct F1
transaction CRUS Common Stock Sale -$425K -5K -29.04% $85.00 12.2K Dec 7, 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 -1K -14.19% $0.00 6.05K Dec 7, 2021 Common Stock 1K $31.25 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -5K -100% $0.00* 0 Dec 7, 2021 Common Stock 5K $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.