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SYNOPSYS INC — Director's Dealing 2016
Dec 19, 2016
29855_dirs_2016-12-19_f19f1f4b-eaf8-43b3-adf5-38a20b7b1324.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: 2016-12-15
Reporting Person: BEATTIE BRIAN M (EVP, Business Ops. & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-15 | Common Stock | M | 2667 | $0.0 | Acquired | 42672 | Direct |
| 2016-12-15 | Common Stock | F | 1392 | $60.37 | Disposed | 41280 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-12-15 | Restricted Stock Units | $0.0 | A | 10668 | Acquired | 2019-12-08 | Common Stock (10668) | Direct |
| 2016-12-15 | Restricted Stock Units | $0.0 | D | 2667 | Disposed | 2019-12-08 | Common Stock (2667) | Direct |
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: On 12/15/15 the Compensation Committee of the Board of Directors approved a Restricted Stock Unit grant value of $482,500, with the number of granted Restricted Stock Units to be determined by dividing that amount by the closing price of Synopsys common stock on the grant date. The vesting of such Restricted Stock Units was based on satisfaction of certain performance criteria for the fiscal year ending 10/29/16. The performance criteria were met.
F3: 25% of the units vest on the date shown followed by three equal annual installments.