CADENCE DESIGN SYSTEMS INC — Director's Dealing 2022

Aug 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2022-08-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-15	Common Stock	F	4153	$193.09	Disposed	608023	Direct
2022-08-15	Common Stock	M	50000	$19.60	Acquired	658023	Direct
2022-08-16	Common Stock	S	18818	$191.7079	Disposed	639205	Direct
2022-08-16	Common Stock	S	24324	$192.6411	Disposed	614881	Direct
2022-08-16	Common Stock	S	6258	$193.5064	Disposed	608623	Direct
2022-08-16	Common Stock	S	600	$194.3583	Disposed	608023	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-16	Non- Qualified Stock Option (right to buy)	$19.60	M	50000	Disposed	2023-02-08	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect
Common Stock	1154346	Indirect
Common Stock	7000	Indirect
Common Stock	31400	Indirect

Footnotes

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

F2: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.

F3: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $191.14 to $192.13, 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 $192.14 to $193.13, 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 $193.15 to $194.09, 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 $194.25 to $194.48, 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: 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.

F8: Amount of securities held by trust includes 78 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 29, 2022.

F9: Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F10: Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.

F11: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.

F12: These options vested at a rate of 1/48th per month starting on March 8, 2016.