0001273902-23-000022.txt : 20230208
0001273902-23-000022.hdr.sgml : 20230208
20230208180712
ACCESSION NUMBER: 0001273902-23-000022
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230206
FILED AS OF DATE: 20230208
DATE AS OF CHANGE: 20230208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dougherty Justin E
CENTRAL INDEX KEY: 0001863257
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-17795
FILM NUMBER: 23600336
MAIL ADDRESS:
STREET 1: 800 W. 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CIRRUS LOGIC, INC.
CENTRAL INDEX KEY: 0000772406
STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674]
IRS NUMBER: 770024818
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0325
BUSINESS ADDRESS:
STREET 1: 800 WEST 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
BUSINESS PHONE: 512-851-4000
MAIL ADDRESS:
STREET 1: 800 WEST 6TH STREET
CITY: AUSTIN
STATE: TX
ZIP: 78701
FORMER COMPANY:
FORMER CONFORMED NAME: CIRRUS LOGIC INC
DATE OF NAME CHANGE: 19920703
4
1
wf-form4_167589761592686.xml
FORM 4
X0306
4
2023-02-06
0
0000772406
CIRRUS LOGIC, INC.
CRUS
0001863257
Dougherty Justin E
800 WEST 6TH STREET
AUSTIN
TX
78701
0
1
0
0
SVP, Global Operations
Common Stock
2023-02-07
4
M
0
8043
68.56
A
25493
D
Common Stock
2023-02-07
4
S
0
8043
103.50
D
17450
D
Common Stock
2023-02-07
4
S
0
8170
103.84
D
9280
D
Incentive Stock Option (right to buy)
102.37
2023-02-06
4
A
0
1573
0
A
2033-02-06
Common Stock
1573.0
1573
D
Non-Qualified Stock Option (right to buy)
102.37
2023-02-06
4
A
0
5436
0
A
2033-02-06
Common Stock
5436.0
5436
D
Performance Shares
2023-02-06
4
A
0
2169
0
A
Common Stock
2169.0
7330
D
Restricted Stock Units
2023-02-06
4
A
0
3012
0
A
Common Stock
3012.0
10120
D
Incentive Stock Option (right to buy)
68.56
2023-02-07
4
M
0
4638
0
D
2029-11-06
Common Stock
4638.0
1194
D
Non-Qualified Stock Option (right to buy)
68.56
2023-02-07
4
M
0
3405
0
D
2029-11-06
Common Stock
3405.0
663
D
The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.92 to $103.83. 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.
Only vested shares can be exercised under this option. 25% of the shares will vest annually so that the option will be fully vested and exercisable on 2/6/27.
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 February 6, 2023, and ending on February 6, 2026.
Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
100% of the restricted stock units will vest on 2/6/26, the 3-year anniversary of the grant date.
Only vested shares can be exercised under this option. 25% of the shares vested 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.
By: Gregory Scott Thomas attorney-in-fact For: Justin Dougherty
2023-02-08