Lip Bu Tan - Mar 16, 2023 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
Mar 16, 2023
Transactions value $
-$7,450,085
Form type
4
Date filed
3/17/2023, 05:49 PM
Previous filing
Mar 2, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $1.31M +42.5K +7.05% $30.79 645K Mar 16, 2023 Direct F1
transaction CDNS Common Stock Sale -$603K -3K -0.47% $200.90 642K Mar 16, 2023 Direct F1, F2
transaction CDNS Common Stock Sale -$648K -3.21K -0.5% $202.09 639K Mar 16, 2023 Direct F1, F3
transaction CDNS Common Stock Sale -$840K -4.14K -0.65% $202.93 635K Mar 16, 2023 Direct F1, F4
transaction CDNS Common Stock Sale -$569K -2.79K -0.44% $204.27 632K Mar 16, 2023 Direct F1, F5
transaction CDNS Common Stock Sale -$211K -1.03K -0.16% $205.24 631K Mar 16, 2023 Direct F1, F6
transaction CDNS Common Stock Sale -$454K -2.2K -0.35% $206.07 629K Mar 16, 2023 Direct F1, F7
transaction CDNS Common Stock Sale -$2.14M -10.3K -1.64% $207.35 618K Mar 16, 2023 Direct F1, F8
transaction CDNS Common Stock Sale -$2.9M -14K -2.26% $208.18 604K Mar 16, 2023 Direct F1, F9
transaction CDNS Common Stock Sale -$392K -1.88K -0.31% $208.87 603K Mar 16, 2023 Direct F1, F10
holding CDNS Common Stock 15K Mar 16, 2023 Held by Trust 1 F11
holding CDNS Common Stock 868K Mar 16, 2023 Held by Trust 2 F12
holding CDNS Common Stock 7K Mar 16, 2023 Held by Trust 3 F13
holding CDNS Common Stock 31.4K Mar 16, 2023 Held by IRA F14

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 -12.5% $0.00 298K Mar 16, 2023 Common Stock 42.5K $30.79 Direct F15
* 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 $200.51 to $201.46, 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.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $201.57 to $202.53, 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 $202.62 to $203.35, 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 $203.67 to $204.65, 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 $204.71 to $205.66, 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 $205.72 to $206.68, 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 $206.73 to $207.72, 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $207.73 to $208.72, 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.
F10 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $208.73 to $209.13, 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.
F11 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.
F12 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F13 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F14 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
F15 These options vested at a rate of 1/48th per month starting on March 21, 2017.