CADENCE DESIGN SYSTEMS INC — Director's Dealing 2021

Aug 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2021-08-16

Reporting Person: TAN LIP BU (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-16	Common Stock	F	4154	$151.87	Disposed	739766	Direct
2021-08-16	Common Stock	G	3782	$0.00	Disposed	735984	Direct
2021-08-16	Common Stock	G	3782	$0.00	Acquired	1308915	Indirect
2021-08-16	Common Stock	M	50000	$17.16	Acquired	785984	Direct
2021-08-16	Common Stock	S	37100	$151.40	Disposed	748884	Direct
2021-08-16	Common Stock	S	12900	$152.02	Disposed	735984	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-16	Non-Qualified Stock Option (right to buy)	$17.16	M	50000	Disposed	2022-02-09	Common Stock (50000)	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Shares withheld to satisfy tax obligations arising out of vesting of restricted stock.

F2: Amount of securities beneficially owned includes 26 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 30, 2021.

F3: Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F4: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.

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

F7: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.