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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $ 31.25 | 11/04/2016 | M | 800 | (2) | 11/04/2025 | Common Stock | 800 | $ 0 | 5,600 | D | ||||
Incentive Stock Option (right to buy) | $ 54.65 | 11/02/2016 | A | 3,733 | (3) | 11/02/2026 | Common Stock | 3,733 | $ 0 | 3,733 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 31.25 | 11/04/2016 | M | 1,804 | (2) | 11/04/2025 | Common Stock | 1,804 | $ 0 | 12,629 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 54.65 | 11/02/2016 | A | 8,767 | (3) | 11/02/2026 | Common Stock | 8,767 | $ 0 | 8,767 | D | ||||
Performance Shares | (4) | 11/02/2016 | A | 3,100 | (4) | (4) | Common Stock | 3,100 | $ 0 | 8,269 | D | ||||
Restricted Stock Units | (5) | 11/02/2016 | A | 4,125 | (6) | (6) | Common Stock | 4,125 | $ 0 | 23,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FLUKE BRADLEY J 800 WEST 6TH STREET AUSTIN, TX 78701 |
VP & GM, MEMS Division |
By: Gregory Scott Thomas attorney-in-fact For: Bradley J. Fluke | 11/04/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 04, 2016. |
(2) | The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/04/2016; the remaining 75% of the shares will vest at a rate of 1/36th per month over the following 36 months so that the option will be fully vested and exercisable on 11/04/2019. |
(3) | 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. |
(4) | 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. |
(5) | Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. |
(6) | 100% of the restricted stock units will vest on 11/2/19, the 3-year anniversary of the grant date. |