Filing Details

Accession Number:
0001209191-23-004093
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-01-19 19:14:18
Reporting Period:
2023-01-17
Accepted Time:
2023-01-19 19:14:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
813672 Cadence Design Systems Inc CDNS Services-Prepackaged Software (7372) 770148231
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1008463 Bu Lip Tan 2655 Seely Avenue, Bldg. 5
San Jose CA 95134
Yes No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2022-12-22 11,000 $0.00 945,936 No 5 G Indirect Held by Trust 2
Common Stock Disposition 2022-12-23 18,056 $0.00 927,880 No 5 G Indirect Held by Trust 2
Common Stock Acquisiton 2023-01-17 42,500 $30.79 645,089 No 4 M Direct
Common Stock Disposition 2023-01-17 1,101 $170.52 643,988 No 4 S Direct
Common Stock Disposition 2023-01-17 1,310 $171.45 642,678 No 4 S Direct
Common Stock Disposition 2023-01-17 10,479 $172.87 632,199 No 4 S Direct
Common Stock Disposition 2023-01-17 25,939 $173.70 606,260 No 4 S Direct
Common Stock Disposition 2023-01-17 3,671 $174.25 602,589 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Indirect Held by Trust 2
No 5 G Indirect Held by Trust 2
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non- Qualified Stock Option (right to buy) Disposition 2023-01-17 42,500 $0.00 42,500 $30.79
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
382,500 2024-02-21 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 15,000 Indirect Held by Trust 1
Common Stock 7,000 Indirect Held by Trust 3
Common Stock 31,400 Indirect Held by IRA
Footnotes
  1. Shares transferred as a charitable gift from the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992, of which the Reporting Person and the Reporting Person's spouse are trustees.
  2. Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
  3. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
  4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $170.11 to $171.09, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $171.11 to $172.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $172.11 to $173.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $173.11 to $174.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $174.11 to $174.46, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  9. Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
  10. Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
  11. Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
  12. These options vested at a rate of 1/48th per month starting on March 21, 2017.