Form 4 for CRUS CIRRUS LOGIC, INC.
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001273902-22-000016 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-03 | 2022-03-01 | CRUS | Baumgartner Jeffrey W | VP, R, D | M - OptEx | $51.45 | +13.6K | 5,251 | New | +$699.3K |
| DM | 2022-03-03 | 2022-03-01 | CRUS | Baumgartner Jeffrey W | VP, R, D | S - Sale+OE | $85.92 | -13.6K | 3,083 | -82% | -$1.17M |
| DM | 2022-03-03 | 2022-03-02 | CRUS | Baumgartner Jeffrey W | VP, R, D | A - Grant | $0.00 | +13.3K | 8,815 | New | $0 |
| DM | 2022-03-03 | 2022-03-01 | CRUS | Baumgartner Jeffrey W | VP, R, D | M - OptEx | $0.00 | -13.6K | 3,103 | -81% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-01 | M | A | 5,000 | $68.56 | 8,083 | D | — | — | |
| 2 | Common | Common Stock | 2022-03-01 | S | D | 6,425 | $85.92 | 3,083 | D | — | — | (F3) The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.18 to $86.64. 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. |
| 3 | Common | Common Stock | 2022-03-01 | M | A | 6,425 | $41.49 | 9,508 | D | — | — | |
| 4 | Common | Common Stock | 2022-03-01 | S | D | 2,168 | $85.92 | 3,083 | D | — | — | (F3) The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.18 to $86.64. 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. |
| 5 | Common | Common Stock | 2022-03-01 | M | A | 2,168 | $41.49 | 5,251 | D | — | — | |
| 6 | Common | Common Stock | 2022-03-01 | S | D | 5,000 | $85.93 | 3,083 | D | — | — | (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 $85.13 to $86.64. 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. |
| 7 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-03-02 | A | A | 6,408 | $0.00 | 6,408 | D | $88.00 · — to 2032-03-02 | 6,408 Common Stock | (F5) Only vested shares can be exercised under this option. 25% of the shares will vest on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26. |
| 8 | Derivative | Incentive Stock Option (right to buy) | 2022-03-02 | A | A | 1,074 | $0.00 | 1,074 | D | $88.00 · — to 2032-03-02 | 1,074 Common Stock | (F5) Only vested shares can be exercised under this option. 25% of the shares will vest on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26. |
| 9 | Derivative | Restricted Stock Units | 2022-03-02 | A | A | 3,220 | $0.00 | 11,749 | D | — · — to — | 3,220 Common Stock | (F8) Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. (F9) 100% of the restricted stock units will vest on 3/2/25, the 3-year anniversary of the grant date. |
| 10 | Derivative | Performance Shares | 2022-03-02 | A | A | 2,596 | $0.00 | 8,815 | D | — · — to — | 2,596 Common Stock | (F7) Each Performance-based Restricted Stock Unit (?PBRSU?) 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 PBRSUs 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 March 2, 2022, and ending on March 2, 2025. |
| 11 | Derivative | Incentive Stock Option (right to buy) | 2022-03-01 | M | D | 6,425 | $0.00 | 804 | D | $41.49 · — to 2028-11-07 | 6,425 Common Stock | (F4) Only vested shares can be exercised under this option. 25% of the shares vested on 11/07/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/07/22. |
| 12 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-03-01 | M | D | 5,000 | $0.00 | 5,542 | D | $68.56 · — to 2029-11-06 | 5,000 Common Stock | (F6) Only vested shares can be exercised under this option. 25% of the shares vested on 11/06/20; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/06/23. |
| 13 | Derivative | Non-Qualified Stock Option (right to buy) | 2022-03-01 | M | D | 2,168 | $0.00 | 3,103 | D | $41.49 · — to 2028-11-07 | 2,168 Common Stock | (F4) Only vested shares can be exercised under this option. 25% of the shares vested on 11/07/19; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 11/07/22. |