Lip Bu Tan - 03 May 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
03 May 2022
Net transactions value
-$10,661,152
Form type
4
Filing time
05 May 2022, 19:05:46 UTC
Previous filing
25 Apr 2022
Next filing
24 May 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale $2,440,948 -16,123 -1.2% $151.40 1,291,145 03 May 2022 Held by Trust 2 F1, F2, F3
transaction CDNS Common Stock Sale $4,995,118 -32,795 -2.5% $152.31 1,258,350 03 May 2022 Held by Trust 2 F2, F3, F4
transaction CDNS Common Stock Sale $3,225,086 -21,082 -1.7% $152.98 1,237,268 03 May 2022 Held by Trust 2 F2, F3, F5
holding CDNS Common Stock 15,000 03 May 2022 Held by Trust 1 F3, F6
holding CDNS Common Stock 7,000 03 May 2022 Held by Trust 3 F7
holding CDNS Common Stock 31,400 03 May 2022 Held by IRA F8
holding CDNS Common Stock 652,176 03 May 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.