Aneel Zaman - May 31, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Stephanie Wells, Attorney-in-Fact for Aneel Zaman
Stock symbol
CDNS
Transactions as of
May 31, 2022
Transactions value $
-$2,152,675
Form type
4
Date filed
6/2/2022, 06:57 PM
Previous filing
Mar 21, 2022
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $280K +7.08K +7.36% $39.58* 103K May 31, 2022 Direct F1
transaction CDNS Common Stock Options Exercise $494K +8.73K +8.46% $56.57 112K May 31, 2022 Direct F1
transaction CDNS Common Stock Options Exercise $530K +6.73K +6.01% $78.76 119K May 31, 2022 Direct F1
transaction CDNS Common Stock Sale -$1.14M -7.5K -6.32% $152.57 111K May 31, 2022 Direct F1, F2
transaction CDNS Common Stock Sale -$1.74M -11.4K -10.22% $153.38 99.9K May 31, 2022 Direct F1, F3
transaction CDNS Common Stock Sale -$262K -1.7K -1.7% $154.29 98.2K May 31, 2022 Direct F1, F4
transaction CDNS Common Stock Sale -$307K -1.97K -2.01% $155.48 96.2K May 31, 2022 Direct F1, F5

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 -7.08K -100% $0.00* 0 May 31, 2022 Common Stock 7.08K $39.58 Direct F6
transaction CDNS Non-Qualified Stock Option (right to buy) Options Exercise $0 -8.73K -52.63% $0.00 7.86K May 31, 2022 Common Stock 8.73K $56.57 Direct F7
transaction CDNS Non-Qualified Stock Option (right to buy) Options Exercise $0 -6.73K -30% $0.00 15.7K May 31, 2022 Common Stock 6.73K $78.76 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.93 to $152.92, 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 $152.93 to $153.92, 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 $154.00 to $154.91, 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 $155.20 to $155.75, 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 These options vested at a rate of 1/48th per month starting on March 6, 2018.
F7 These options vested at a rate of 1/48th per month starting on March 22, 2019.
F8 These options vested at a rate of 1/48th per month starting on March 14, 2020.