Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-22-039661
Date:2022-06-24
Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
Original Submission Date:

Reporting Person:

TAN LIP BU
2655 SEELY AVENUE, BLDG. 5
SAN JOSE, CA 95134

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-06-24 M 50,000 a $19.60 662,176 direct
COMMON STOCK 2022-06-24 S 20,758 d $153.14 641,418 direct
COMMON STOCK 2022-06-24 S 11,995 d $153.74 629,423 direct
COMMON STOCK 2022-06-24 S 17,247 d $154.88 612,176 direct
COMMON STOCK 2022-06-24 0 $0.00 15,000 indirect f5
COMMON STOCK 2022-06-24 0 $0.00 1,197,268 indirect f6
COMMON STOCK 2022-06-24 0 $0.00 7,000 indirect f7
COMMON STOCK 2022-06-24 0 $0.00 31,400 indirect f8
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
NON- QUALIFIED STOCK OPTION (RIGHT TO BUY) 19.6 2022-06-24 deemed execution date M 50,000 (d) 2023-02-08 common stock 50,000 $19.60 200,000 direct
Footnotes
IDfootnote
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 $152.50 to $153.49, 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 $153.50 to $154.45, 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.
f4 the price reported in column 4 is a weighted average price. the shares were sold in multiple transactions at prices ranging from $154.55 to $155.14, 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 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.
f6 shares held by the lip-bu tan and ysa loo trust dated 2/3/1992.
f7 shares held by l tan & n lee ttee, pacven walden inc. 401(k) psps, fbo lip-bu tan.
f8 shares held by ira fbo lip-bu tan db securities inc. custodian rollover account dtd 5/19/1997.
f9 these options vested at a rate of 1/48th per month starting on march 8, 2016.
WhaleWisdom Logo

Elevate your investments