CADENCE DESIGN SYSTEMS INC — Director's Dealing 2022

Oct 25, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2022-10-21

Reporting Person: TAN LIP BU (Director, Executive Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-21	Common Stock	S	2300	$151.423	Disposed	1074636	Indirect
2022-10-21	Common Stock	S	1500	$152.4129	Disposed	1073136	Indirect
2022-10-21	Common Stock	S	6623	$153.5962	Disposed	1066513	Indirect
2022-10-21	Common Stock	S	4210	$154.4545	Disposed	1062303	Indirect
2022-10-21	Common Stock	S	2200	$155.9001	Disposed	1060103	Indirect
2022-10-21	Common Stock	S	6333	$156.7589	Disposed	1053770	Indirect
2022-10-21	Common Stock	S	5228	$157.7187	Disposed	1048542	Indirect
2022-10-21	Common Stock	S	11606	$158.5199	Disposed	1036936	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	602589	Direct
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: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.00 to $151.95, 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: Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.02 to $152.98, 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: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.13 to $154.11, 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.

F6: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $154.14 to $155.12, 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.

F7: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $155.19 to $156.18, 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.

F8: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $156.22 to $157.21, 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.

F9: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $157.22 to $158.17, 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.

F10: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $158.22 to $158.85, 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.

F11: 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.

F12: Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.

F13: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.