SCHUELE ALAN R 4
4 · CIRRUS LOGIC, INC. · Filed Feb 5, 2020
Insider Transaction Report
Form 4
SCHUELE ALAN R
Director
Transactions
- Exercise/Conversion
Common Stock
2020-02-03$15.31/sh+9,447$144,634→ 29,640 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2020-02-03−5,000→ 10,000 totalExercise: $15.31Exp: 2021-07-28→ Common Stock (5,000 underlying) - Sale
Common Stock
2020-02-03$76.65/sh−9,447$724,115→ 20,193 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2020-02-03−4,447→ 15,000 totalExercise: $15.31Exp: 2021-07-28→ Common Stock (4,447 underlying)
Footnotes (3)
- [F1]This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on November 12, 2019.
- [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 $75.33 to $77.63. The reporting person will provide full information regarding the number of shares sold 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]Only vested shares can be exercised under this option. 25% of the shares vested and became exercisable on 07/28/2012. The remaining shares vested monthly thereafter over the following 36 months so that the option was fully vested and exercisable on 07/28/2015.