Initial Statement of Beneficial Ownership (3)
May 21 2021 - 7:08PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
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Dougherty Justin E |
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/14/2021
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3. Issuer Name and Ticker or Trading Symbol
CIRRUS LOGIC, INC. [CRUS]
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(Last)
(First)
(Middle)
800 W. 6TH STREET |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) VP Eng'g Operations / |
(Street)
AUSTIN, TX 78701
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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 | 4039 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: 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) | 11/6/2029 | Common Stock | 5832 | $68.56 | D | |
Incentive Stock Option (right to buy) | (2) | 3/3/2031 | Common Stock | 1820 | $78.0 | D | |
Non-Qualified Stock Option (right to buy) | (1) | 11/6/2029 | Common Stock | 4068 | $68.56 | D | |
Non-Qualified Stock Option (right to buy) | (2) | 3/3/2031 | Common Stock | 6781 | $78.0 | D | |
Performance Shares | (3) | 11/6/2022 | Common Stock | 2640 | $0.0 | D | |
Performance Shares | (4) | 3/3/2024 | Common Stock | 2718 | $0.0 | D | |
Restricted Stock Units (5) | (6) | 11/7/2021 (6) | Common Stock | 7500 | $0.0 | D | |
Restricted Stock Units (5) | (6) | 7/3/2022 (6) | Common Stock | 13000 | $0.0 | D | |
Restricted Stock Units (5) | (6) | 11/6/2022 (6) | Common Stock | 3300 | $0.0 | D | |
Restricted Stock Units (5) | (6) | 3/3/2024 (6) | Common Stock | 4077 | $0.0 | D | |
Explanation of Responses: |
(1) | The option vests on a 4-year schedule: 25% of the shares became exercisable on 11/6/2020; 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 11/6/2023. |
(2) | The option vests on a 4-year schedule: 25% of the shares become exercisable on 3/3/2022; 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 3/3/2025. |
(3) | 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 6, 2019, and ending on November 6, 2022. The number of shares reported represents the target amount. |
(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 March 3, 2021, and ending on March 3, 2024. The number of shares reported represents the target amount. |
(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 the 3-year anniversary of the grant date. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Dougherty Justin E 800 W. 6TH STREET AUSTIN, TX 78701 |
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| VP Eng'g Operations |
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Signatures
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By: Gregory Scott Thomas attorney-in-fact For: Justin E. Dougherty | | 5/21/2021 |
**Signature of Reporting Person | Date |
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