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CADENCE DESIGN SYSTEMS INC — Director's Dealing 2024
Feb 20, 2024
29878_dirs_2024-02-20_2385079c-945b-42dc-9d49-cd48c99c02de.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2024-02-15
Reporting Person: BECKLEY THOMAS P (Sr. Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | S | 9588 | $295.7363 | Disposed | 174576 | Direct |
| 2024-02-15 | Common Stock | S | 8121 | $296.6968 | Disposed | 166455 | Direct |
| 2024-02-15 | Common Stock | S | 7067 | $297.6576 | Disposed | 159388 | Direct |
| 2024-02-15 | Common Stock | S | 1343 | $298.6026 | Disposed | 158045 | Direct |
| 2024-02-15 | Common Stock | S | 700 | $299.55 | Disposed | 157345 | Direct |
| 2024-02-15 | Common Stock | S | 400 | $300.4125 | Disposed | 156945 | Direct |
| 2024-02-15 | Common Stock | S | 589 | $302.2342 | Disposed | 156356 | Direct |
| 2024-02-15 | Common Stock | S | 200 | $302.835 | Disposed | 156156 | Direct |
| 2024-02-15 | Common Stock | M | 37260 | $56.57 | Acquired | 193416 | Direct |
| 2024-02-15 | Common Stock | S | 12766 | $295.7287 | Disposed | 180650 | Direct |
| 2024-02-15 | Common Stock | S | 10002 | $296.6496 | Disposed | 170648 | Direct |
| 2024-02-15 | Common Stock | S | 10317 | $297.6426 | Disposed | 160331 | Direct |
| 2024-02-15 | Common Stock | S | 1997 | $298.5822 | Disposed | 158334 | Direct |
| 2024-02-15 | Common Stock | S | 856 | $299.6773 | Disposed | 157478 | Direct |
| 2024-02-15 | Common Stock | S | 300 | $300.37 | Disposed | 157178 | Direct |
| 2024-02-15 | Common Stock | S | 783 | $302.3506 | Disposed | 156395 | Direct |
| 2024-02-15 | Common Stock | S | 239 | $303.0057 | Disposed | 156156 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Non-Qualified Stock Option (right to buy) | $56.57 | M | 37260 | Disposed | 2026-02-22 | Common Stock (37260) | Direct |
Footnotes
F1: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on October 25, 2023 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 $295.21 to $296.19, 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: Amount of securities beneficially owned includes 125 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2024.
F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $296.22 to $297.21, 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.
F5: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $297.215 to $298.19, 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 $298.22 to $299.06, 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 $299.24 to $300.21, 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.
F8: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.27 to $300.54, 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 $301.57 to $302.37, 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 $302.77 to $302.90, 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: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $295.19 to $296.16, 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.
F12: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $296.19 to $297.16, 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.
F13: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $297.19 to $298.17, 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.
F14: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $298.20 to $299.14, 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.
F15: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $299.27 to $300.23, 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.
F16: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.27 to $300.42, 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.
F17: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $301.515 to $302.5, 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.
F18: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $302.77 to $303.33, 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.
F19: These options vested at a rate of 1/48th per month starting on March 22, 2019.