CADENCE DESIGN SYSTEMS INC — Director's Dealing 2022

Jan 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2022-01-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-02	Common Stock	G	5859	$0.00	Disposed	1307268	Indirect
2022-01-18	Common Stock	M	50000	$19.60	Acquired	777145	Direct
2022-01-18	Common Stock	S	9671	$153.5633	Disposed	767474	Direct
2022-01-18	Common Stock	S	9339	$154.5646	Disposed	758135	Direct
2022-01-18	Common Stock	S	26128	$155.4439	Disposed	732007	Direct
2022-01-18	Common Stock	S	4862	$156.1922	Disposed	727145	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-18	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	7000	Indirect
Common Stock	31400	Indirect

Footnotes

F1: Shares transferred as a charitable gift from the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992, of which Reporting Person and Reporting Person's spouse are trustees.

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

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

F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.03 to
$154.02, 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 $154.04 to $155.03, 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 $155.04 to $156.03, 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 $156.04 to $156.46, 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: 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.

F9: Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.

F10: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.

F11: These options vested at a rate of 1/48th per month starting on March 8, 2016.