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

Signature
Stephanie Wells, Attorney-in-Fact for Lip-Bu Tan
Stock symbol
CDNS
Transactions as of
Apr 18, 2022
Transactions value $
-$6,673,023
Form type
4
Date filed
4/20/2022, 05:06 PM
Previous filing
Mar 21, 2022
Next filing
Apr 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $96.7K +4.94K +0.71% $19.60 697K Apr 18, 2022 Direct F1
transaction CDNS Common Stock Sale -$748K -4.94K -0.71% $151.57 692K Apr 18, 2022 Direct F1, F2
transaction CDNS Common Stock Options Exercise $883K +45.1K +6.51% $19.60 737K Apr 19, 2022 Direct F1
transaction CDNS Common Stock Sale -$1.1M -7.22K -0.98% $151.97 730K Apr 19, 2022 Direct F1, F3
transaction CDNS Common Stock Sale -$2.98M -19.4K -2.66% $153.15 711K Apr 19, 2022 Direct F1, F4
transaction CDNS Common Stock Sale -$2.83M -18.4K -2.59% $153.79 692K Apr 19, 2022 Direct F1, F5
holding CDNS Common Stock 15K Apr 18, 2022 Held by Trust 1 F6
holding CDNS Common Stock 1.31M Apr 18, 2022 Held by Trust 2 F7
holding CDNS Common Stock 7K Apr 18, 2022 Held by Trust 3 F8
holding CDNS Common Stock 31.4K Apr 18, 2022 Held by IRA F9

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 -4.94K -1.41% $0.00 345K Apr 18, 2022 Common Stock 4.94K $19.60 Direct F10
transaction CDNS Non- Qualified Stock Option (right to buy) Options Exercise $0 -45.1K -13.06% $0.00 300K Apr 19, 2022 Common Stock 45.1K $19.60 Direct F10
* 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.50 to $151.69, 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.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.50 to $152.41, 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.53 to $153.52, 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 $153.53 to $154.29, 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 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F7 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.
F8 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F9 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
F10 These options vested at a rate of 1/48th per month starting on March 8, 2016.