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SYNOPSYS INC — Director's Dealing 2021
Dec 13, 2021
29855_dirs_2021-12-13_3f1d97dd-b2c5-449b-870d-607f7ec8dee4.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: 2021-12-09
Reporting Person: CHAN CHI-FOON (Director, Co-CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-09 | Common Stock | A | 8244 | $0.0 | Acquired | 169857 | Direct |
| 2021-12-09 | Common Stock | F | 4088 | $354.48 | Disposed | 165769 | Direct |
| 2021-12-09 | Common Stock | M | 3737 | $0.0 | Acquired | 169506 | Direct |
| 2021-12-09 | Common Stock | F | 1853 | $354.48 | Disposed | 167653 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-09 | Restricted Stock Units | $0.0 | A | 14947 | Acquired | 2024-12-08 | Common Stock (14947) | Direct |
| 2021-12-09 | Restricted Stock Units | $0.0 | D | 3737 | Disposed | 2024-12-08 | Common Stock (3737) | 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 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021. All of the stock units subject to this tranche vested on December 9, 2021.
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: Represents a performance-based restricted stock unit award granted on December 10, 2020 for which a non-GAAP net income goal for the fiscal year ended October 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021 and are reflected in Table 1, and the remaining 75% will vest in three equal annual installments beginning on December 8, 2022, subject to continue service through each vesting date.
F4: 25% of the units vest on the date shown followed by three equal annual installments.