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SYNOPSYS INC — Director's Dealing 2020
Aug 25, 2020
29855_dirs_2020-08-25_6c7170ab-4dcb-4e1b-9026-4122f8a02dac.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: 2020-08-21
Reporting Person: Kankanwadi Sudhindra (Senior VP, Finance & CAO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-08-21 | Non-Qualified Stock Option (right to buy) | $213.1 | A | 1876 | Acquired | 2027-08-21 | Common Stock (1876) | Direct |
| 2020-08-21 | Restricted Stock Units | $0.0 | A | 1408 | Acquired | 2023-09-15 | Common Stock (1408) | Direct |
Footnotes
F1: 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 $100,000, 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.
F2: 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.
F3: The Compensation Committee of the Board of Directors approved a restricted stock unit grant value of $300,000, with the number of restricted stock units to be determined by dividing that amount by the closing price of Synopsys common stock on the grant date.
F4: 1/3 of the units vest on the date shown followed by two equal annual installments, subject to continued service through each vesting date.