Lip Bu Tan - Oct 17, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Director, Executive Chair
Signature
Stephanie Wells, Attorney-in-Fact for Lip-Bu Tan
Stock symbol
CDNS
Transactions as of
Oct 17, 2022
Transactions value $
-$6,753,065
Form type
4
Date filed
10/18/2022, 07:02 PM
Previous filing
Oct 17, 2022
Next filing
Oct 25, 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 Oct 17, 2022 Direct F1
transaction CDNS Common Stock Sale -$7.73M -50K -7.66% $154.66 603K Oct 17, 2022 Direct F1, F2
holding CDNS Common Stock 15K Oct 17, 2022 Held by Trust 1 F3
holding CDNS Common Stock 1.08M Oct 17, 2022 Held by Trust 2 F4
holding CDNS Common Stock 7K Oct 17, 2022 Held by Trust 3 F5
holding CDNS Common Stock 31.4K Oct 17, 2022 Held by IRA F6

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 -100% $0.00* 0 Oct 17, 2022 Common Stock 50K $19.60 Direct F7
* 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 $154.50 to $155.08, 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 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.
F4 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F5 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F6 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
F7 These options vested at a rate of 1/48th per month starting on March 8, 2016.