Lip Bu Tan - May 17, 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
Stock symbol
CDNS
Transactions as of
May 17, 2021
Transactions value $
-$5,215,500
Form type
4
Date filed
5/19/2021, 07:15 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $858K +50K +6.72% $17.16 794K May 17, 2021 Direct F1
transaction CDNS Common Stock Sale -$6.07M -50K -6.3% $121.47 744K May 17, 2021 Direct F1
holding CDNS Common Stock 15K May 17, 2021 Held by Trust 1 F2
holding CDNS Common Stock 1.31M May 17, 2021 Held by Trust 2 F3
holding CDNS Common Stock 7K May 17, 2021 Held by Trust 3 F4
holding CDNS Common Stock 31.4K May 17, 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 -50K -16.67% $0.00 250K May 17, 2021 Common Stock 50K $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.