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SYNOPSYS INC — Director's Dealing 2015
Dec 17, 2015
29855_dirs_2015-12-17_b44608ed-a06a-40f7-b058-d376491d5f17.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYNOPSYS INC (SNPS)
CIK: 0000883241
Period of Report: 2015-12-15
Reporting Person: DE GEUS AART (Director, Chairman of the Board & Co-CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-15 | Common Stock | F | 3844.0 | $45.23 | Disposed | 682197 | Direct |
| 2015-12-15 | Common Stock | M | 7366.0 | $0.0 | Acquired | 689563 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-15 | Non-Qualified Stock Option (right to buy) | $45.23 | A | 187007.0 | Acquired | 2022-12-15 | Common Stock (187007) | Direct |
| 2015-12-15 | Restricted Stock Units | $0.0 | A | 29461.0 | Acquired | 2018-12-08 | Common Stock (29461) | Direct |
| 2015-12-15 | Restricted Stock Units | $0.0 | D | 7366.0 | Disposed | 2018-12-08 | Common Stock (7366) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 22500 | Indirect |
Footnotes
F1: These shares were retained by the Company in order to meet the tax withholding obligations of the award holder in connection with the vesting of an installment of the performance restricted stock unit award. The Compensation Committee approved the disposition of shares by the award holder and the amount retained by the Company was not in excess of the amount of the tax liability.
F2: Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan. The Compensation Committee of the Board of Directors approved an option grant value of $1,750,000, with the number of shares subject to the option to be determined by dividing that amount by the fair value of an option to acquire a share of Synopsys common stock on the grant date using the Black-Scholes option pricing model.
F3: Option vests in 16 equal quarterly installments beginning on the date shown.
F4: On 12/12/14 the reporting person was granted Restricted Stock Units the vesting of which was based on satisfaction of certain performance criteria for the fiscal year ending 10/31/15. The performance criteria were met.
F5: 25% of the units vest on the date shown followed by three equal annual installments.