Lip Bu Tan - Aug 16, 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
Aug 16, 2021
Transactions value $
-$7,350,866
Form type
4
Date filed
8/17/2021, 09:53 PM
Previous filing
Jul 19, 2021
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability -$631K -4.15K -0.56% $151.87 740K Aug 16, 2021 Direct F1, F2
transaction CDNS Common Stock Gift $0 -3.78K -0.51% $0.00 736K Aug 16, 2021 Direct
transaction CDNS Common Stock Gift $0 +3.78K +0.29% $0.00 1.31M Aug 16, 2021 Held by Trust 2 F3
transaction CDNS Common Stock Options Exercise $858K +50K +6.79% $17.16 786K Aug 16, 2021 Direct F4
transaction CDNS Common Stock Sale -$5.62M -37.1K -4.72% $151.40 749K Aug 16, 2021 Direct F4
transaction CDNS Common Stock Sale -$1.96M -12.9K -1.72% $152.02 736K Aug 16, 2021 Direct F4
holding CDNS Common Stock 15K Aug 16, 2021 Held by Trust 1 F5
holding CDNS Common Stock 7K Aug 16, 2021 Held by Trust 3 F6
holding CDNS Common Stock 31.4K Aug 16, 2021 Held by IRA F7

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 -33.33% $0.00 100K Aug 16, 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 Shares withheld to satisfy tax obligations arising out of vesting of restricted stock.
F2 Amount of securities beneficially owned includes 26 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 30, 2021.
F3 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F4 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F5 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.
F6 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F7 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.