Lip Bu Tan - Sep 15, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Ahalya Hildreth, Attorney-in-Fact for Lip-Bu Tan
Stock symbol
CDNS
Transactions as of
Sep 15, 2022
Transactions value $
-$7,163,522
Form type
4
Date filed
9/19/2022, 09:13 PM
Previous filing
Sep 8, 2022
Next filing
Sep 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $980K +50K +8.3% $19.60 653K Sep 15, 2022 Direct F1
transaction CDNS Common Stock Sale -$3M -18.5K -2.84% $161.89 634K Sep 15, 2022 Direct F1, F2
transaction CDNS Common Stock Sale -$2.74M -16.9K -2.66% $162.66 617K Sep 15, 2022 Direct F1, F3
transaction CDNS Common Stock Sale -$1M -6.14K -0.99% $163.68 611K Sep 15, 2022 Direct F1, F4
transaction CDNS Common Stock Sale -$1.35M -8.17K -1.34% $164.83 603K Sep 15, 2022 Direct F1, F5
transaction CDNS Common Stock Sale -$49.6K -300 -0.05% $165.36 603K Sep 15, 2022 Direct F1, F6
holding CDNS Common Stock 15K Sep 15, 2022 Held by Trust 1 F7
holding CDNS Common Stock 1.12M Sep 15, 2022 Held by Trust 2 F8
holding CDNS Common Stock 7K Sep 15, 2022 Held by Trust 3 F9
holding CDNS Common Stock 31.4K Sep 15, 2022 Held by IRA F10

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 -50% $0.00 50K Sep 15, 2022 Common Stock 50K $19.60 Direct F11
* 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 $161.25 to $162.24, 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 $162.25 to $163.24, 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 $163.26 to $164.25, 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 $164.26 to $165.19, 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 $165.31 to $165.39, 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 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F9 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F10 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
F11 These options vested at a rate of 1/48th per month starting on March 8, 2016.