Joseph W. Logan - Dec 9, 2021 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Role: Chief Revenue Officer
Signature: By: POA pursuant Christina Escalante-Dutra For: Joseph W. Logan
Stock symbol: SNPS
Transactions as of: Dec 9, 2021
Transactions value $: -$979,783
Form type: 4
Date filed: 12/13/2021, 03:37 PM
Previous filing: Dec 10, 2021
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNPS	Common Stock	Award	$0	+3.71K	+3.82%	$0.00	101K	Dec 9, 2021	Direct	F1
transaction	SNPS	Common Stock	Tax liability	-$651K	-1.84K	-1.82%	$354.48	98.9K	Dec 9, 2021	Direct	F2
transaction	SNPS	Common Stock	Options Exercise	$0	+1.87K	+1.89%	$0.00	101K	Dec 9, 2021	Direct
transaction	SNPS	Common Stock	Tax liability	-$329K	-927	-0.92%	$354.48	99.8K	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	Non-Qualified Stock Option (right to buy)	Award	$0	+8.91K		$0.00	8.91K	Dec 9, 2021	Common Stock	8.91K	$354.48	Direct	F3, F4
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	F5
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	F6
transaction	SNPS	Restricted Stock Units	Award	$0	+2.47K		$0.00	2.47K	Dec 9, 2021	Common Stock	2.47K	$0.00	Direct	F6, F7

* 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	Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan.
F4	1/4 of the grant becomes exercisable one year after grant date with the remainder becoming exercisable in a series of 12 equal quarterly installments thereafter, subject to continued service through each vesting date.
F5	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.
F6	25% of the units vest on the date shown followed by three equal annual installments.
F7	The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.