SYNOPSYS INC — Director's Dealing 2020

Dec 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYNOPSYS INC (SNPS)
CIK: 0000883241
Period of Report: 2020-12-10

Reporting Person: CHAN CHI-FOON (Director, Co-CEO & President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-10	Common Stock	A	8244	$0.0	Acquired	192117	Direct
2020-12-10	Common Stock	F	4088	$234.17	Disposed	188029	Direct
2020-12-10	Common Stock	M	4232	$0.0	Acquired	192261	Direct
2020-12-10	Common Stock	F	2099	$234.17	Disposed	190162	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-10	Non-Qualified Stock Option (right to buy)	$234.17	A	28987	Acquired	2027-12-10	Common Stock (28987)	Direct
2020-12-10	Restricted Stock Units	$0.0	A	16927	Acquired	2023-12-08	Common Stock (16927)	Direct
2020-12-10	Restricted Stock Units	$0.0	D	4232	Disposed	2023-12-08	Common Stock (4232)	Direct
2020-12-10	Restricted Stock Units	$0.0	A	7474	Acquired	2024-12-08	Common Stock (7474)	Direct

Footnotes

F1: Represents one tranche of a performance-based restricted stock award granted on October 18, 2019 for which a non-GAAP operating margin goal for the fiscal year ended October 31, 2020 was determined by the Compensation Committee to have been achieved on December 10, 2020. All of the stock units subject to this tranche vested on December 10, 2020.

F2: These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the performance-based restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.

F3: Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan.

F4: 1/4 of the grant becomes exercisable one year after grant date with the remainder becoming exercisable in a series of 12 equal quarterly installments thereafter, subject to continued service through each vesting date.

F5: Represents a performance-based restricted stock unit award granted on December 12, 2019 for which a non-GAAP net income goal for the fiscal year ended October 31, 2020 was determined by the Compensation Committee to have been achieved on December 10, 2020 and are reflected in Table 1, and the remaining 75% will vest in three equal annual installments beginning on December 8, 2021, subject to continue service through each vesting date.

F6: 25% of the units vest on the date shown followed by three equal annual installments.

F7: The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.