| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 05/17/2019 | 3. Issuer Name and Ticker or Trading Symbol CIRRUS LOGIC INC [ CRUS ] | |||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 12,296 | D | |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Incentive Stock Option (right to buy) | (1) | 04/03/2029 | Common Stock | 7,919 | 42.64 | D | |
| Non-Qualified Stock Option (right to buy) | (1) | 04/03/2029 | Common Stock | 2,681 | 42.64 | D | |
| Performance Shares | (2) | 04/03/2022(2) | Common Stock | 3,200 | 0.0 | D | |
| Restricted Stock Units(3) | (4) | 11/02/2019(4) | Common Stock | 5,624 | 0.0 | D | |
| Restricted Stock Units(3) | (4) | 11/01/2020(4) | Common Stock | 6,624 | 0.0 | D | |
| Restricted Stock Units(3) | (4) | 11/07/2021(4) | Common Stock | 7,978 | 0.0 | D | |
| Restricted Stock Units(3) | (4) | 04/03/2022(4) | Common Stock | 5,000 | 0.0 | D | |
| Explanation of Responses: |
| 1. The option vests on a 4-year schedule: 25% of the shares become exercisable on 4/3/2020; the remaining 75% of the shares vests at a rate of 1/36th per month over the next 36 months so that the option will be fully vested and exercisable on 4/3/2023. |
| 2. Each Performance-based Restricted Stock Unit ("PBRSUs") 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 RSUs 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 April 3, 2019, and ending on April 3, 2022. |
| 3. Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock. |
| 4. 100% of the restricted stock units will vest on the 3-year anniversary of the grant date. |
| By: Gregory Scott Thomas attorney-in-fact For: Carl Jackson Alberty | 06/03/2019 | |
| ** 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 5 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||
