Lip Bu Tan - 21 Jul 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 Jul 2022
Net transactions value
-$6,669,431
Form type
4
Filing time
25 Jul 2022, 17:52:05 UTC
Previous filing
19 Jul 2022
Next filing
17 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Gift $0 -3,000 -0.25% $0.000000 1,194,268 19 Jul 2022 Held by Trust 2 F1, F2
transaction CDNS Common Stock Sale $952,700 -5,794 -0.49% $164.43 1,188,474 21 Jul 2022 Held by Trust 2 F2, F3, F4
transaction CDNS Common Stock Sale $1,143,762 -6,918 -0.58% $165.33 1,181,556 21 Jul 2022 Held by Trust 2 F2, F3, F5
transaction CDNS Common Stock Sale $818,201 -4,913 -0.42% $166.54 1,176,643 21 Jul 2022 Held by Trust 2 F2, F3, F6
transaction CDNS Common Stock Sale $2,349,340 -14,025 -1.2% $167.51 1,162,618 21 Jul 2022 Held by Trust 2 F2, F3, F7
transaction CDNS Common Stock Sale $1,405,427 -8,350 -0.72% $168.31 1,154,268 21 Jul 2022 Held by Trust 2 F2, F3, F8
holding CDNS Common Stock 15,000 21 Jul 2022 Held by Trust 1 F9
holding CDNS Common Stock 7,000 21 Jul 2022 Held by Trust 3 F10
holding CDNS Common Stock 31,400 21 Jul 2022 Held by IRA F11
holding CDNS Common Stock 612,176 21 Jul 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares transferred as a charitable gift from the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992, of which Reporting Person and Reporting Person's spouse are trustees.
F2 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F3 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $163.86 to $164.82, 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 $164.87 to $165.77, 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.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $165.94 to $166.92, 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.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $166.94 to $167.93, 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 $167.94 to $168.73, 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 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.
F10 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F11 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.