Allan Hughes - Feb 9, 2022 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
VP, Cirrus Logic Internat
Signature
By: Gregory Scott Thomas For: Allan Hughes
Stock symbol
CRUS
Transactions as of
Feb 9, 2022
Transactions value $
-$1,246,681
Form type
4
Date filed
2/11/2022, 04:16 PM
Previous filing
Nov 9, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $54.3K +1.74K +36.27% $31.25 6.53K Feb 9, 2022 Direct F1
transaction CRUS Common Stock Sale -$148K -1.74K -26.62% $85.00 4.79K Feb 9, 2022 Direct F1, F2
transaction CRUS Common Stock Options Exercise $389K +9.38K +195.76% $41.49 14.2K Feb 9, 2022 Direct F1
transaction CRUS Common Stock Sale -$797K -9.38K -66.19% $85.00 4.79K Feb 9, 2022 Direct F1, F2
transaction CRUS Common Stock Options Exercise $697K +12.5K +261.01% $55.72 17.3K Feb 9, 2022 Direct F1
transaction CRUS Common Stock Sale -$1.06M -12.5K -72.3% $85.00 4.79K Feb 9, 2022 Direct F1, F2
transaction CRUS Common Stock Options Exercise $683K +12.5K +261.01% $54.65 17.3K Feb 9, 2022 Direct F1
transaction CRUS Common Stock Sale -$1.06M -12.5K -72.3% $85.00 4.79K Feb 9, 2022 Direct F1, F2

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 -1.74K -100% $0.00* 0 Feb 9, 2022 Common Stock 1.74K $31.25 Direct F1, F3
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -9.38K -75% $0.00 3.13K Feb 9, 2022 Common Stock 9.38K $41.49 Direct F1, F4
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -12.5K -100% $0.00* 0 Feb 9, 2022 Common Stock 12.5K $54.65 Direct F1, F5
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -12.5K -100% $0.00* 0 Feb 9, 2022 Common Stock 12.5K $55.72 Direct F1, F6
* 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 November 23, 2021.
F2 The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.00 to $85.05. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
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.
F4 Only vested shares can be exercised under this option. 25% of the shares vested on 11/07/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/07/22.
F5 Only vested shares can be exercised under this option. 25% of the shares vested on 11/02/17; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/02/20.
F6 Only vested shares can be exercised under this option. 25% of the shares vested on 11/01/18; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/01/21.