Carlson Randolph K 4
4 · CIRRUS LOGIC INC · Filed Nov 2, 2017
Insider Transaction Report
Form 4
CIRRUS LOGIC INCCRUS
Carlson Randolph K
VP, Supply Chain
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2017-11-01+10,206→ 10,206 totalExercise: $55.72Exp: 2027-11-01→ Common Stock (10,206 underlying) - Award
Restricted Stock Units
2017-11-01+4,000→ 14,667 total→ Common Stock (4,000 underlying) - Award
Incentive Stock Option (right to buy)
2017-11-01+1,794→ 1,794 totalExercise: $55.72Exp: 2027-11-01→ Common Stock (1,794 underlying) - Award
Performance Shares
2017-11-01+3,000→ 11,013 total→ Common Stock (3,000 underlying)
Footnotes (4)
- [F1]Only vested shares can be exercised under this option. 25% of the shares will vest on 11/1/18; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/1/21.
- [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 1, 2017, and ending on November 1, 2020.
- [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 11/1/20, the 3-year anniversary of the grant date.