Thurman Case - Dec 9, 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 9, 2021
Transactions value $
-$268,820
Form type
4
Date filed
12/10/2021, 03:22 PM
Previous filing
Dec 9, 2021
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $62.5K +2K +16.37% $31.25 14.2K Dec 9, 2021 Direct F1
transaction CRUS Common Stock Sale -$180K -2K -14.07% $90.00 12.2K Dec 9, 2021 Direct F1
transaction CRUS Common Stock Options Exercise $46.7K +2K +16.37% $23.34 14.2K Dec 9, 2021 Direct F1
transaction CRUS Common Stock Sale -$180K -2K -14.07% $90.00 12.2K Dec 9, 2021 Direct F1
transaction CRUS Common Stock Sale -$18K -200 -1.64% $90.00 12K Dec 9, 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 Incentive Stock Option (right to buy) Options Exercise $0 -2K -75.02% $0.00 666 Dec 9, 2021 Common Stock 2K $23.34 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -2K -33.08% $0.00 4.05K Dec 9, 2021 Common Stock 2K $31.25 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 10/02/14; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/02/17.
F3 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.