JoDee Benson Form 4 CIRRUS LOGIC / JoDee Benson ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Benson JoDee

(Last) (First) (Middle)

800 WEST 6TH STREET

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CIRRUS LOGIC, INC. [ CRUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
VP & Chief Culture Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/29/2021		M(1)		9,771	A	$54.65	14,589	D
Common Stock	06/29/2021		S(1)		9,771	D	$86	4,818	D
Common Stock	06/29/2021		M(1)		7,311	A	$41.49	12,129	D
Common Stock	06/29/2021		S(1)		7,311	D	$84	4,818	D
Common Stock	06/29/2021		M(1)		3,229	A	$54.65	8,047	D
Common Stock	06/29/2021		S(1)		3,229	D	$86	4,818	D
Common Stock	06/29/2021		M(1)		18,000	A	$38.99	22,818	D
Common Stock	06/29/2021		S(1)		18,000	D	$85	4,818	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (right to buy)	$54.65	06/29/2021		M(1)			3,229	(2)	11/02/2026	Common Stock	3,229	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$38.99	06/29/2021		M(1)			18,000	(3)	10/03/2022	Common Stock	18,000	$0.0	0	D
Non-Qualified Stock Option (right to buy)	$41.49	06/29/2021		M(1)			7,311	(4)	11/07/2028	Common Stock	7,311	$0.0	3,278	D
Non-Qualified Stock Option (right to buy)	$54.65	06/29/2021		M(1)			9,771	(2)	11/02/2026	Common Stock	9,771	$0.0	0	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 Plan adopted by the reporting person on February 22, 2021.

2. Only vested shares can be exercised under this option. 25% of the shares vested on 11/02/17; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/02/20.

3. Only vested shares can be exercised under this option. 25% of the shares vested on 10/03/13; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 10/03/16.

4. 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.

	By: Gregory Scott Thomas attorney-in-fact For: Jo-Dee M. Benson	07/01/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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