Lip Bu Tan - 23 Feb 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Executive Chairman, Director
Signature
Alinka Flaminia, Attorney-in-Fact for Lip-Bu Tan
Issuer symbol
CDNS
Transactions as of
23 Feb 2022
Net transactions value
-$52,405
Form type
4
Filing time
25 Feb 2022, 16:44:44 UTC
Previous filing
02 Feb 2022
Next filing
01 Mar 2022
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 $7,840 +400 +0.06% $19.60 727,664 23 Feb 2022 Direct F1, F2
transaction CDNS Common Stock Sale $60,245 -400 -0.05% $150.61 727,264 23 Feb 2022 Direct F1, F3
holding CDNS Common Stock 15,000 23 Feb 2022 Held by Trust 1 F4
holding CDNS Common Stock 1,307,268 23 Feb 2022 Held by Trust 2 F5
holding CDNS Common Stock 7,000 23 Feb 2022 Held by Trust 3 F6
holding CDNS Common Stock 31,400 23 Feb 2022 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 -400 -0.09% $0.000000 449,600 23 Feb 2022 Common Stock 400 $19.60 Direct F8
* 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 Amount of securities beneficially owned includes 119 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2022.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.50 to $150.66, 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.
F4 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
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.
F8 These options vested at a rate of 1/48th per month starting on March 8, 2016.