Lip Bu Tan - May 3, 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
May 3, 2022
Transactions value $
-$10,661,152
Form type
4
Date filed
5/5/2022, 07:05 PM
Previous filing
Apr 25, 2022
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$2.44M -16.1K -1.23% $151.40 1.29M May 3, 2022 Held by Trust 2 F1, F2, F3
transaction CDNS Common Stock Sale -$5M -32.8K -2.54% $152.31 1.26M May 3, 2022 Held by Trust 2 F2, F3, F4
transaction CDNS Common Stock Sale -$3.23M -21.1K -1.68% $152.98 1.24M May 3, 2022 Held by Trust 2 F2, F3, F5
holding CDNS Common Stock 15K May 3, 2022 Held by Trust 1 F3, F6
holding CDNS Common Stock 7K May 3, 2022 Held by Trust 3 F7
holding CDNS Common Stock 31.4K May 3, 2022 Held by IRA F8
holding CDNS Common Stock 652K May 3, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.78 to $151.77, 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.
F2 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F3 The footnotes in Column 7 identifying the Shares held by each of A&E Investment LLC and the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992 were inadvertently reversed as of the Form 4 filed on February 25, 2022 and corrected as of this Form 4.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.78 to $152.77, 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 $152.78 to $153.44, 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 A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F7 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F8 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.