Lip Bu Tan - Jun 15, 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
Jun 15, 2021
Transactions value $
-$5,646,495
Form type
4
Date filed
6/17/2021, 07:20 PM
Previous filing
May 19, 2021
Next filing
Jul 19, 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 Jun 15, 2021 Direct F1
transaction CDNS Common Stock Sale -$3.13M -24.2K -3.04% $129.48 770K Jun 15, 2021 Direct F1
transaction CDNS Common Stock Sale -$3.38M -25.8K -3.36% $130.66 744K Jun 15, 2021 Direct F1
holding CDNS Common Stock 15K Jun 15, 2021 Held by Trust 1 F2
holding CDNS Common Stock 1.31M Jun 15, 2021 Held by Trust 2 F3
holding CDNS Common Stock 7K Jun 15, 2021 Held by Trust 3 F4
holding CDNS Common Stock 31.4K Jun 15, 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 -20% $0.00 200K Jun 15, 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.