CIRRUS LOGIC INC 4
4 · CIRRUS LOGIC INC · Filed Nov 9, 2016
Insider Transaction Report
Form 4
CIRRUS LOGIC INCCRUS
CARTER JOHN C
Director
Transactions
- Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2016-11-08−25,000→ 0 totalExercise: $19.82Exp: 2020-07-23→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2016-11-08$19.82/sh+25,000$495,500→ 48,044 total - Sale
Common Stock
2016-11-08$55.50/sh−25,000$1,387,440→ 23,044 total
Footnotes (3)
- [F1]This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on May 24, 2016.
- [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 $54.98 to $56.13. The reporting person will provide full information regarding the number of shares bought 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]The option vested on a 4-year schedule: 25% of the shares became exercisable on 07/23/2011; the remaining 75% of the shares vested at a rate of 1/36th per month over the following 36 months so that the option was fully vested and exercisable on 07/23/2014.