I think the action today shows the big guys are buying CRUS. Take a look at this (5.4% ownership):
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934 (Amendment No.)*
CIRRUS LOGIC INC. (Name of Issuer)
Common Stock (Title of Class of Securities)
172755100 (CUSIP Number)
Year End (12/31/99) 13G STATEMENT (Date of Event which Requires Filing of this Statement)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 17275510 13G
1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) MacKay Shields LLC ("MacKay Shields") 13-4080466 MacKay Shields is also filing on behalf of its Parent, New York Life Insurance Company ("NYLIC")
2 CHECK THE APPROPRIATE BOX IF A MEMEBER OF A GROUP (a) (b) Not Applicable
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware (United States)
NUMBER OF 5 SOLE VOTING POWER SHARES 3,443,205 as to MacKay Shields BENEFICIALLY 78,452 as to NYLIC OWNED BY EACH 6 SHARED VOTING POWER REPORTING Not Applicable PERSON WITH 7 SOLE DISPOSITIVE POWER 3,443,205 as to MacKay Shields 78,452 as to NYLIC
8 SHARED DISPOSITIVE POWER Not Applicable
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,443,205 as to MacKay Shields 78,452 as to NYLIC Total: 3,521,657
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES Not Applicable
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.4%
12 TYPE OF REPORTING PERSON IA |