CIRRUS LOGIC INC
4, 1997-03-07
COMPUTER COMMUNICATIONS EQUIPMENT
Previous: CIRRUS LOGIC INC, 4, 1997-03-07
Next: CIRRUS LOGIC INC, 4, 1997-03-07



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

FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.
1. Name and Address of Reporting Person(s)
   Bell, C. Gordon
   450 Old Oak Court                       
   Los Altos, CA  94022 
2. Issuer Name and Ticker or Trading Symbol
   Cirrus Logic, Inc. (CRUS)
3. IRS or Social Security Number of Reporting Person (Voluntary)
   ###-##-####
4. Statement for Month/Year
   February 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [X] Director                   [ ] 10% Owner 
   [ ] Officer (give title below) [ ] Other (specify below)
   
    
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

<TABLE>
<CAPTION>
Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ----------------------------------------------------------------------------------------------------------------------------------
1)Title of Security                           2)Trans-    3.Trans- 4.Securities Acquired(A)      5)Amount of    6)  7)Nature of   
                                              action      action   or Disposed of (D)            Securities         Indirect      
                                              Date        Code                   A               Beneficially   D   Beneficial    
                                              (Month/                            or              Owned at       or  Ownership     
                                              Day/Year)   Code V   Amount        D  Price        End of Month   I                 
- ----------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>         <C>      <C>           <C><C>          <C>            <C><C>            
Common Stock                                  02/11/97    M        5,000         A  $9.6250      30,000         D

<CAPTION>
Table II (PART 1)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)                     
- ----------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          2)Conversion    3)Trans-       4)Trans-  5)Number of Derivative            6)Date Exercisable and  
Security                       or Exercise     action         action    Securities Acquired (A)           Expiration Date         
                               Price of        Date           Code      or Disposed of (D)                                        
                               Derivative                                                                                         
                               Security                       Code  V   A                D                Exercisable  Expiration 
- ----------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>             <C>            <C>       <C>              <C>              <C>          <C>        
Non-Qualified Stock Option     $9.6250         02/11/97       M                          5,000            (1) 07/23/92 07/23/97   
(right to buy)                                                                                                                     
Non-Qualified Stock Option     $14.0625        08/01/96       A     V   5,000                             (1) 08/01/96 08/01/01   
(right to buy)                                                                                                                    

<CAPTION>
Table II (PART 2)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)            
- ----------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          3)Trans-  7)Title and Amount                           8)Price     9)Number of   10) 11)Nature of  
Security                       action    of Underlying                                of Deri-    Derivative        Indirect      
                               Date      Securities                                   vative      Securities    D   Beneficial    
                                                                        Amount or     Security    Beneficially  or  Ownership     
                                                                        Number of                 Owned at      I                 
                  -                      Title                          Shares                    End of Month                    
- ----------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>       <C>                            <C>           <C>         <C>           <C> <C>           
Non-Qualified Stock Option     02/11/97  Common Stock                   5,000                     0             D   
(right to buy)                                                                                                                    
Non-Qualified Stock Option     08/01/96  Common Stock                   5,000                     5,000         D  
(right to buy)                                                                                                                    

<FN>
Explanation of Responses:

(1)
The option is immediately exercisable.  However, unvested shares are held in escrow.  Options vest over 4 years: 25% vest 1 year
from date of grant and 75% vest monthly over balance of 36 months.       

</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ C. GORDON BELL                          
DATE 03/06/97


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission