Sudhindra Kankanwadi - Dec 9, 2021 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Role
Chief Operating Officer
Signature
By: POA pursuant Christina Escalante-Dutra For: Sudhindra Kankanwadi
Stock symbol
SNPS
Transactions as of
Dec 9, 2021
Transactions value $
-$195,673
Form type
4
Date filed
12/13/2021, 03:37 PM
Previous filing
Dec 10, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock +Grant/Award $0 +1,112 +8.44% $0.00 14,281 Dec 9, 2021 Direct F1
transaction SNPS Common Stock -Tax liability -$195,673 -552 -3.87% $354.48 13,729 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) +Grant/Award $0 +3,566 $0.00 3,566 Dec 9, 2021 Common Stock 3,566 $354.48 Direct F3, F4
transaction SNPS Restricted Stock Units +Grant/Award $0 +2,963 $0.00 2,963 Dec 9, 2021 Common Stock 2,963 $0.00 Direct F5, F6

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 The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.
F6 25% of the units vest on the date shown followed by three equal annual installments.