Lip Bu Tan - 17 May 2021 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
CEO, Director
Signature
Shirley X. Li, Attorney-in-Fact for Lip-Bu Tan
Issuer symbol
CDNS
Transactions as of
17 May 2021
Net transactions value
-$5,215,500
Form type
4
Filing time
19 May 2021, 19:15:54 UTC
Next filing
17 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $858,000 +50,000 +6.7% $17.16 793,894 17 May 2021 Direct F1
transaction CDNS Common Stock Sale $6,073,500 -50,000 -6.3% $121.47 743,894 17 May 2021 Direct F1
holding CDNS Common Stock 15,000 17 May 2021 Held by Trust 1 F2
holding CDNS Common Stock 1,305,133 17 May 2021 Held by Trust 2 F3
holding CDNS Common Stock 7,000 17 May 2021 Held by Trust 3 F4
holding CDNS Common Stock 31,400 17 May 2021 Held by IRA F5

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 CDNS Non-Qualified Stock Option (right to buy) Options Exercise $0 -50,000 -17% $0.000000 250,000 17 May 2021 Common Stock 50,000 $17.16 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F2 Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F3 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F4 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F5 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.