Key facts
- This page summarizes Lip Bu Tan's Form 4 filing for CADENCE DESIGN SYSTEMS INC (CDNS).
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 May 2023, 18:21.
Lip Bu Tan - 16 May 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)
- Reporting relationship
- Former Executive Chair
- Issuer ticker
- CDNS
- Reported as of
- 16 May 2023
- Net transaction value
- -$7,299,998
- SEC form
- 4
- Accepted by SEC
- 18 May 2023, 18:21:09 UTC
- Prior SEC filing
- 15 May 2023
- Next SEC filing
- 06 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- Ahalya Hildreth, Attorney-in-Fact for Lip-Bu Tan
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Lip Bu Tan filed Form 4 for CADENCE DESIGN SYSTEMS INC (CDNS) on 18 May 2023.
Change
- Previous filing in this sequence was filed on 15 May 2023.
- Current net transaction value: -$7,299,998.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CDNS
transaction
Common Stock
Options Exercise
- Transaction value
- $1,308,575
- Shares
- +42,500
- Change %
- +7.1%
- Price
- $30.79
- Shares after
- 645,089
- Date
- 16 May 2023
- Ownership
- Direct
- Footnotes
- F1
CDNS
transaction
Common Stock
Sale
- Transaction value
- $5,202,910
- Shares
- -25,716
- Change %
- -4%
- Price
- $202.32
- Shares after
- 619,373
- Date
- 16 May 2023
- Ownership
- Direct
- Footnotes
- F1, F2
CDNS
transaction
Common Stock
Sale
- Transaction value
- $3,405,663
- Shares
- -16,784
- Change %
- -2.7%
- Price
- $202.91
- Shares after
- 602,589
- Date
- 16 May 2023
- Ownership
- Direct
- Footnotes
- F1, F3
CDNS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 15,000
- Date
- 16 May 2023
- Ownership
- Held by Trust 1
- Footnotes
- F4
CDNS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 808,040
- Date
- 16 May 2023
- Ownership
- Held by Trust 2
- Footnotes
- F5
CDNS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,000
- Date
- 16 May 2023
- Ownership
- Held by Trust 3
- Footnotes
- F6
CDNS
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 31,400
- Date
- 16 May 2023
- Ownership
- Held by IRA
- Footnotes
- F7
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CDNS
transaction
Derivative
Non- Qualified Stock Option (right to buy)
Options Exercise
- Transaction value
- $0
- Shares
- -42,500
- Change %
- -17%
- Price
- $0.000000
- Shares after
- 212,500
- Date
- 16 May 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 42,500
- Exercise price
- $30.79
- Footnotes
- F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Lip Bu Tan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 8 footnotes
Footnote F1
The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 11/30/2022 by the Reporting Person.
Footnote F2
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $201.67 to $202.66, 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.
Footnote F3
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $202.67 to $203.45, 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.
Footnote F4
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.
Footnote F5
Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
Footnote F6
Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
Footnote F7
Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
Footnote F8
These options vested at a rate of 1/48th per month starting on March 21, 2017.