4//SEC Filing
CIRRUS LOGIC INC 4
Accession 0001273902-16-000280
$CRUSCIK 0000772406operating
Filed
Nov 3, 8:00 PM ET
Accepted
Nov 4, 8:36 PM ET
Size
10.1 KB
Accession
0001273902-16-000280
Insider Transaction Report
Form 4
CIRRUS LOGIC INCCRUS
Sahota Rashpal
Vice President Audio GM
Transactions
- Award
Performance Shares
2016-11-02+3,100→ 8,269 total→ Common Stock (3,100 underlying) - Award
Restricted Stock Units
2016-11-02+4,125→ 28,230 total→ Common Stock (4,125 underlying) - Award
Non-Qualified Stock Option (right to buy)
2016-11-02+12,500→ 12,500 totalExercise: $54.65Exp: 2026-11-02→ Common Stock (12,500 underlying)
Footnotes (4)
- [F1]Only vested shares can be exercised under this option. 25% of the shares will vest on 11/2/17; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/2/20.
- [F2]Each Performance-based Restricted Stock Unit ("RSU's") represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the performance-based RSU's is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on November 2, 2016, and ending on November 2, 2019.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
- [F4]100% of the restricted stock units will vest on 11/2/19, the 3-year anniversary of the grant date.
Documents
Issuer
CIRRUS LOGIC INC
CIK 0000772406
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000772406
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 8:00 PM ET
- Accepted
- Nov 4, 8:36 PM ET
- Size
- 10.1 KB