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: DEVGAN ANIRUDH (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-15	Common Stock	A	37956	$0.00	Acquired	210370	Direct
2023-03-15	Common Stock	F	5547	$202.94	Disposed	204823	Direct
2023-03-16	Common Stock	S	1832	$200.6638	Disposed	202991	Direct
2023-03-16	Common Stock	S	2423	$201.8383	Disposed	200568	Direct
2023-03-16	Common Stock	S	1390	$202.6247	Disposed	199178	Direct
2023-03-16	Common Stock	F	25285	$202.94	Disposed	173893	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	108390	Acquired	2030-03-15	Common Stock (108390)	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 $200.25 to $201.16, 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 $201.27 to $202.18, 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.

F6: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $202.35 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.