CADENCE DESIGN SYSTEMS INC — Director's Dealing 2014

May 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2013-10-09

Reporting Person: Cowie James J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-09	Common Stock	Z	122586	—	Acquired	122586	Indirect
2013-10-09	Common Stock	Z	122586	—	Disposed	0	Direct
2014-05-20	Common Stock	M	60000	$10.93	Acquired	60000	Direct
2014-05-20	Common Stock	M	50000	$4.2	Acquired	110000	Direct
2014-05-20	Common Stock	S	60000	$15.97	Disposed	50000	Direct
2014-05-20	Common Stock	S	50000	$16.24	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-20	Non-Qualified Stock Option (right to buy)	$10.93	M	60000	Disposed	2015-04-01	Common Stock (60000)	Direct
2014-05-20	Non-Qualified Stock Option (right to buy)	$4.2	M	50000	Disposed	2016-02-05	Common Stock (50000)	Direct

Footnotes

F1: Shares held by the Cowie Family Trust UAD 12/14/2012, of which Reporting Person and Reporting Person's spouse are trustees.

F2: Shares transferred to the Cowie Family Trust UAD 12/14/2012, of which Reporting Person and Reporting Person's spouse are trustees.

F3: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person, effective March 11, 2014.