CIRRUS LOGIC INC 4

4 · CIRRUS LOGIC INC · Filed Nov 4, 2016

Form 4

Period: 2016-11-02

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 total
Exercise: $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

1 file