CADENCE DESIGN SYSTEMS INC — Director's Dealing 2019

Nov 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2019-11-14

Reporting Person: TAN LIP BU (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-14	Common Stock	S	50000	$67.08	Disposed	1229227	Indirect
2019-11-15	Common Stock	S	50000	$67.20	Disposed	1179227	Indirect
2019-11-15	Common Stock	M	40000	$14.22	Acquired	888272	Direct
2019-11-15	Common Stock	S	40000	$67.21	Disposed	848272	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-15	Non-Qualified Stock Option (right to buy)	$14.22	M	40000	Disposed	2020-02-11	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect
Common Stock	7000	Indirect
Common Stock	31400	Indirect

Footnotes

F1: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.

F2: Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F3: 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.

F4: Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.

F5: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.