CADENCE DESIGN SYSTEMS INC — Director's Dealing 2023

Mar 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2023-03-15

Reporting Person: ZAMAN ANEEL (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-15	Common Stock	A	13360	$0.00	Acquired	99413	Direct
2023-03-15	Common Stock	F	2562	$202.94	Disposed	96851	Direct
2023-03-16	Common Stock	M	2918	$138.02	Acquired	99769	Direct
2023-03-16	Common Stock	M	5985	$78.76	Acquired	105754	Direct
2023-03-16	Common Stock	M	6114	$56.57	Acquired	111868	Direct
2023-03-16	Common Stock	S	5700	$200.6209	Disposed	106168	Direct
2023-03-16	Common Stock	S	3909	$201.525	Disposed	102259	Direct
2023-03-16	Common Stock	S	8017	$202.3799	Disposed	94242	Direct
2023-03-16	Common Stock	F	12642	$202.94	Disposed	81600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-15	Non- Qualified Stock Option (right to buy)	$202.94	A	19655	Acquired	2030-03-15	Common Stock (19655)	Direct
2023-03-16	Non- Qualified Stock Option (right to buy)	$56.57	M	6114	Disposed	2026-02-22	Common Stock (6114)	Direct
2023-03-16	Non- Qualified Stock Option (right to buy)	$78.76	M	5985	Disposed	2027-02-14	Common Stock (5985)	Direct
2023-03-16	Non- Qualified Stock Option (right to buy)	$138.02	M	2918	Disposed	2028-02-25	Common Stock (2918)	Direct

Footnotes

F1: Grant of Performance-Based Incentive Stock Award.

F2: Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Awards.

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 $200.01 to $200.99, 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 $201.01 to $201.94, 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 $202.02 to $202.82, 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: Option vests at a rate of 1/48th per month.

F8: These options vested at a rate of 1/48th per month starting on March 22, 2019.

F9: These options vested at a rate of 1/48th per month starting on March 14, 2020.

F10: These options vested at a rate of 1/48th per month starting on March 25, 2021.