Lip Bu Tan - Jan 18, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Alinka Flaminia, Attorney-in-Fact for Lip-Bu Tan
Stock symbol
CDNS
Transactions as of
Jan 18, 2022
Transactions value $
-$6,769,434
Form type
4
Date filed
1/20/2022, 05:54 PM
Previous filing
Oct 19, 2021
Next filing
Jan 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Gift $0 -5.86K -0.45% $0.00 1.31M Dec 2, 2021 Held by Trust 2 F1, F2
transaction CDNS Common Stock Options Exercise $980K +50K +6.88% $19.60 777K Jan 18, 2022 Direct F3
transaction CDNS Common Stock Sale -$1.49M -9.67K -1.24% $153.56 767K Jan 18, 2022 Direct F4
transaction CDNS Common Stock Sale -$1.44M -9.34K -1.22% $154.56 758K Jan 18, 2022 Direct F5
transaction CDNS Common Stock Sale -$4.06M -26.1K -3.45% $155.44 732K Jan 18, 2022 Direct F6
transaction CDNS Common Stock Sale -$759K -4.86K -0.66% $156.19 727K Jan 18, 2022 Direct F7
holding CDNS Common Stock 15K Jan 18, 2022 Held by Trust 1 F8
holding CDNS Common Stock 7K Jan 18, 2022 Held by Trust 3 F9
holding CDNS Common Stock 31.4K Jan 18, 2022 Held by IRA F10

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 -10% $0.00 450K Jan 18, 2022 Common Stock 50K $19.60 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares transferred as a charitable gift from the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992, of which Reporting Person and Reporting Person's spouse are trustees.
F2 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F3 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.03 to $154.02, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $154.04 to $155.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $155.04 to $156.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $156.04 to $156.46, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 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.
F9 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F10 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
F11 These options vested at a rate of 1/48th per month starting on March 8, 2016.