FLUKE BRADLEY J 4
4 · CIRRUS LOGIC, INC. · Filed Nov 8, 2019
Insider Transaction Report
Form 4
FLUKE BRADLEY J
Vice President and GM
Transactions
- Award
Restricted Stock Units
2019-11-06+3,400→ 11,650 total→ Common Stock (3,400 underlying) - Award
Incentive Stock Option (right to buy)
2019-11-06+1,458→ 1,458 totalExercise: $68.56Exp: 2029-11-06→ Common Stock (1,458 underlying) - Award
Non-Qualified Stock Option (right to buy)
2019-11-06+8,742→ 8,742 totalExercise: $68.56Exp: 2029-11-06→ Common Stock (8,742 underlying) - Award
Performance Shares
2019-11-06+2,720→ 8,920 total→ Common Stock (2,720 underlying)
Footnotes (4)
- [F1]Only vested shares can be exercised under this option. 25% of the shares will vest on 11/6/20; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/6/23.
- [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 6, 2019, and ending on November 6, 2022.
- [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 11/6/22, the 3-year anniversary of the grant date.