Lip Bu Tan - Jan 17, 2023 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
Jan 17, 2023
Transactions value $
-$6,060,452
Form type
4
Date filed
1/19/2023, 06:14 PM
Previous filing
Jan 12, 2023
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Gift $0 -11K -1.15% $0.00 946K Dec 22, 2022 Held by Trust 2 F1, F2
transaction CDNS Common Stock Gift $0 -18.1K -1.91% $0.00 928K Dec 23, 2022 Held by Trust 2 F1, F2
transaction CDNS Common Stock Options Exercise $1.31M +42.5K +7.05% $30.79 645K Jan 17, 2023 Direct F3
transaction CDNS Common Stock Sale -$188K -1.1K -0.17% $170.52 644K Jan 17, 2023 Direct F3, F4
transaction CDNS Common Stock Sale -$225K -1.31K -0.2% $171.45 643K Jan 17, 2023 Direct F3, F5
transaction CDNS Common Stock Sale -$1.81M -10.5K -1.63% $172.87 632K Jan 17, 2023 Direct F3, F6
transaction CDNS Common Stock Sale -$4.51M -25.9K -4.1% $173.70 606K Jan 17, 2023 Direct F3, F7
transaction CDNS Common Stock Sale -$640K -3.67K -0.61% $174.25 603K Jan 17, 2023 Direct F3, F8
holding CDNS Common Stock 15K Jan 17, 2023 Held by Trust 1 F9
holding CDNS Common Stock 7K Jan 17, 2023 Held by Trust 3 F10
holding CDNS Common Stock 31.4K Jan 17, 2023 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 -42.5K -10% $0.00 383K Jan 17, 2023 Common Stock 42.5K $30.79 Direct F12
* 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 the Reporting Person and the 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 $170.11 to $171.09, 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.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $171.11 to $172.10, 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 $172.11 to $173.10, 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 $173.11 to $174.10, 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 $174.11 to $174.46, 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.
F12 These options vested at a rate of 1/48th per month starting on March 21, 2017.