CIRRUS LOGIC INC 4
4 · CIRRUS LOGIC INC · Filed Aug 5, 2014
Insider Transaction Report
Form 4
CIRRUS LOGIC INCCRUS
Stein Thomas
VP & GM, EXL Division
Transactions
- Exercise/Conversion
Common Stock
2014-08-01$5.25/sh+9,067$47,602→ 17,314 total - Exercise/Conversion
Incentive Stock Option (right to buy)
2014-08-01−9,067→ 18,000 totalExercise: $5.25Exp: 2018-10-01→ Common Stock (9,067 underlying) - Sale
Common Stock
2014-08-01$22.48/sh−9,067$203,804→ 8,247 total
Footnotes (3)
- [F1]This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 13, 2014.
- [F2]The sales price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.33 to $22.69. The reporting person will provide full information regarding the number of shares sold as 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 10/01/09. The remaining 75% of the shares vested monthly and became exercisable over the following 36 months so that the option was fully vested on 10/01/12.