Trac Pham - Dec 9, 2021 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Role
CFO
Signature
By: POA pursuant Christina Escalante-Dutra For: Trac Pham
Stock symbol
SNPS
Transactions as of
Dec 9, 2021
Transactions value $
-$1,093,925
Form type
4
Date filed
12/13/2021, 03:36 PM
Previous filing
Dec 10, 2021
Next filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock Award $0 +4.35K +7.91% $0.00 59.4K Dec 9, 2021 Direct F1
transaction SNPS Common Stock Tax liability -$765K -2.16K -3.64% $354.48 57.2K Dec 9, 2021 Direct F2
transaction SNPS Common Stock Options Exercise $0 +1.87K +3.27% $0.00 59.1K Dec 9, 2021 Direct
transaction SNPS Common Stock Tax liability -$329K -927 -1.57% $354.48 58.2K Dec 9, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNPS Restricted Stock Units Award $0 +7.47K +266.74% $0.00 10.3K Dec 9, 2021 Common Stock 7.47K $0.00 Direct F3
transaction SNPS Restricted Stock Units Disposed to Issuer $0 -1.87K -18.19% $0.00 8.41K Dec 9, 2021 Common Stock 1.87K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents one tranche of a performance-based restricted stock award granted on October 18, 2019 for which a non-GAAP operating margin goal for the fiscal year ended October 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021. All of the stock units subject to this tranche vested on December 9, 2021.
F2 These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the performance-based restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.
F3 Represents a performance-based restricted stock unit award granted on December 10, 2020 for which a non-GAAP net income goal for the fiscal year ended October 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021 and are reflected in Table 1, and the remaining 75% will vest in three equal annual installments beginning on December 8, 2022, subject to continue service through each vesting date.
F4 25% of the units vest on the date shown followed by three equal annual installments.