THURMAN CASE - 09 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
09 Dec 2021
Net transactions value
-$268,820
Form type
4
Filing time
10 Dec 2021, 15:22:09 UTC
Previous filing
09 Dec 2021
Next filing
15 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 $62,500 +2,000 +16% $31.25 14,219 09 Dec 2021 Direct F1
transaction CRUS Common Stock Sale $180,000 -2,000 -14% $90.00 12,219 09 Dec 2021 Direct F1
transaction CRUS Common Stock Options Exercise $46,680 +2,000 +16% $23.34 14,219 09 Dec 2021 Direct F1
transaction CRUS Common Stock Sale $180,000 -2,000 -14% $90.00 12,219 09 Dec 2021 Direct F1
transaction CRUS Common Stock Sale $18,000 -200 -1.6% $90.00 12,019 09 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 Incentive Stock Option (right to buy) Options Exercise $0 -2,000 -75% $0.000000 666 09 Dec 2021 Common Stock 2,000 $23.34 Direct F1, F2
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -2,000 -33% $0.000000 4,046 09 Dec 2021 Common Stock 2,000 $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.