Lip Bu Tan - 21 Apr 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Stephanie Wells, Attorney-in-Fact for Lip-Bu Tan
Issuer symbol
CDNS
Transactions as of
21 Apr 2022
Net transactions value
-$6,191,813
Form type
4
Filing time
25 Apr 2022, 19:09:01 UTC
Previous filing
20 Apr 2022
Next filing
05 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale $1,677,534 -11,060 -1.6% $151.68 681,116 21 Apr 2022 Direct F1, F2
transaction CDNS Common Stock Sale $752,408 -4,931 -0.72% $152.59 676,185 21 Apr 2022 Direct F1, F3
transaction CDNS Common Stock Sale $783,639 -5,100 -0.75% $153.65 671,085 21 Apr 2022 Direct F1, F4
transaction CDNS Common Stock Sale $578,909 -3,747 -0.56% $154.50 667,338 21 Apr 2022 Direct F1, F5
transaction CDNS Common Stock Sale $171,022 -1,100 -0.16% $155.47 666,238 21 Apr 2022 Direct F1, F6
transaction CDNS Common Stock Sale $211,783 -1,352 -0.2% $156.64 664,886 21 Apr 2022 Direct F1, F7
transaction CDNS Common Stock Sale $1,023,215 -6,488 -0.98% $157.71 658,398 21 Apr 2022 Direct F1, F8
transaction CDNS Common Stock Sale $380,516 -2,396 -0.36% $158.81 656,002 21 Apr 2022 Direct F1, F9
transaction CDNS Common Stock Sale $460,806 -2,880 -0.44% $160.00 653,122 21 Apr 2022 Direct F1, F10
transaction CDNS Common Stock Sale $151,980 -946 -0.14% $160.66 652,176 21 Apr 2022 Direct F1, F11
holding CDNS Common Stock 15,000 21 Apr 2022 Held by Trust 1 F12
holding CDNS Common Stock 1,307,268 21 Apr 2022 Held by Trust 2 F13
holding CDNS Common Stock 7,000 21 Apr 2022 Held by Trust 3 F14
holding CDNS Common Stock 31,400 21 Apr 2022 Held by IRA F15
* 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 $151.07 to $152.05, 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 $152.08 to $153.07, 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 $153.14 to $154.12, 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 $154.15 to $155.13, 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 $155.15 to $156.06, 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 $156.19 to $157.16, 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $157.20 to $158.07, 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.
F9 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $158.42 to $159.40, 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.
F10 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $159.46 to $160.37, 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.
F11 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $160.52 to $160.83, 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.
F12 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F13 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.
F14 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F15 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.