SEC Form 3
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*
Dougherty Justin E

(Last) (First) (Middle)
800 W. 6TH STREET

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/14/2021
3. Issuer Name and Ticker or Trading Symbol
CIRRUS LOGIC, INC. [ CRUS ]
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
5. 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 Beneficially Owned
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 4,039 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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) 11/06/2029 Common Stock 5,832 68.56 D
Incentive Stock Option (right to buy) (2) 03/03/2031 Common Stock 1,820 78 D
Non-Qualified Stock Option (right to buy) (1) 11/06/2029 Common Stock 4,068 68.56 D
Non-Qualified Stock Option (right to buy) (2) 03/03/2031 Common Stock 6,781 78 D
Performance Shares (3) 11/06/2022 Common Stock 2,640 0.0 D
Performance Shares (4) 03/03/2024 Common Stock 2,718 0.0 D
Restricted Stock Units(5) (6) 11/07/2021(6) Common Stock 7,500 0.0 D
Restricted Stock Units(5) (6) 07/03/2022(6) Common Stock 13,000 0.0 D
Restricted Stock Units(5) (6) 11/06/2022(6) Common Stock 3,300 0.0 D
Restricted Stock Units(5) (6) 03/03/2024(6) Common Stock 4,077 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.
By: Gregory Scott Thomas attorney-in-fact For: Justin E. Dougherty 05/21/2021
** 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 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).
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