Lip Bu Tan - Aug 15, 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
Aug 15, 2022
Transactions value $
-$9,442,842
Form type
4
Date filed
8/17/2022, 09:15 PM
Previous filing
Jul 25, 2022
Next filing
Aug 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability -$802K -4.15K -0.68% $193.09 608K Aug 15, 2022 Direct F1
transaction CDNS Common Stock Options Exercise $980K +50K +8.22% $19.60 658K Aug 15, 2022 Direct F2
transaction CDNS Common Stock Sale -$3.61M -18.8K -2.86% $191.71 639K Aug 16, 2022 Direct F2, F3
transaction CDNS Common Stock Sale -$4.69M -24.3K -3.81% $192.64 615K Aug 16, 2022 Direct F2, F4
transaction CDNS Common Stock Sale -$1.21M -6.26K -1.02% $193.51 609K Aug 16, 2022 Direct F2, F5
transaction CDNS Common Stock Sale -$117K -600 -0.1% $194.36 608K Aug 16, 2022 Direct F2, F6
holding CDNS Common Stock 15K Aug 15, 2022 Held by Trust 1 F7
holding CDNS Common Stock 1.15M Aug 15, 2022 Held by Trust 2 F8, F9
holding CDNS Common Stock 7K Aug 15, 2022 Held by Trust 3 F10
holding CDNS Common Stock 31.4K Aug 15, 2022 Held by IRA F11

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 -50K -33.33% $0.00 100K Aug 16, 2022 Common Stock 50K $19.60 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax obligations arising out of vesting of PSA.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.14 to $192.13, 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.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $192.14 to $193.13, 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.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $193.15 to $194.09, 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 $194.25 to $194.48, 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 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.
F8 Amount of securities held by trust includes 78 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 29, 2022.
F9 Shares held by 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.
F12 These options vested at a rate of 1/48th per month starting on March 8, 2016.