SEC Form 4 · accession 0001209191-15-018812
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lip Bu Tan
Officer — President & CEO · Director
Period of report
Feb 11, 2015
Accepted (ET)
Feb 25, 2015 · 7:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000813672
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF4 | Feb 11, 2015 | Z | 27,409 | $0.00 | D | 261,811 | D | |
| Common StockF5 | Feb 11, 2015 | Z | 27,409 | $0.00 | A | 827,501 | I | By Trust 2 |
| Common StockF4 | Feb 20, 2015 | Z | 11,813 | $0.00 | D | 249,998 | D | |
| Common StockF5 | Feb 20, 2015 | Z | 11,813 | $0.00 | A | 839,314 | I | By Trust 2 |
| Common Stock | Feb 23, 2015 | M | 25,000 | $14.59 | A | 274,998 | D | |
| Common Stock | Feb 23, 2015 | M | 50,000 | $2.61 | A | 324,998 | D | |
| Common Stock | Feb 23, 2015 | M | 370,589 | $4.12 | A | 695,587 | D | |
| Common Stock | Feb 23, 2015 | M | 250,000 | $4.20 | A | 945,587 | D | |
| Common StockF6 | Feb 23, 2015 | S | 695,589 | $18.431 | D | 249,998 | D | |
| Common Stock | Feb 24, 2015 | M | 79,411 | $4.12 | A | 329,409 | D | |
| Common Stock | Feb 24, 2015 | M | 41,000 | $2.61 | A | 370,409 | D | |
| Common StockF6 | Feb 24, 2015 | S | 120,411 | $18.6238 | D | 249,998 | D | |
| Common Stock | Feb 25, 2015 | M | 9,000 | $2.61 | A | 258,998 | D | |
| Common Stock | Feb 25, 2015 | M | 70,174 | $4.12 | A | 329,172 | D | |
| Common StockF6 | Feb 25, 2015 | S | 79,174 | $18.6674 | D | 249,998 | D | |
| Common StockF1 | holding | — | — | — | 31,400 | I | Held By IRA | |
| Common Stock | holding | — | — | — | 51,000 | I | Held by Child 1 | |
| Common StockF2 | holding | — | — | — | 15,000 | I | By Trust 1 | |
| Common StockF3 | holding | — | — | — | 7,000 | I | By Trust 3 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy) | $14.59 | Feb 23, 2015 | M | 25,000 | D | Mar 31, 2006 | Apr 1, 2015 | Common Stock | 25,000 | 0 | D |
| Non-Qualified Stock Option (right to buy) | $2.61 | Feb 23, 2015 | M | 50,000 | D | Jan 8, 2009 | Dec 15, 2015 | Common Stock | 50,000 | 50,000 | D |
| Non-Qualified Stock Option (right to buy) | $4.12 | Feb 23, 2015 | M | 370,589 | D | Jan 8, 2010 | Jan 8, 2016 | Common Stock | 370,589 | 529,411 | D |
| Non-Qualified Stock Option (right to buy) | $4.20 | Feb 23, 2015 | M | 250,000 | D | Mar 5, 2009 | Feb 5, 2016 | Common Stock | 250,000 | 465,000 | D |
| Non-Qualified Stock Option (right to buy) | $4.12 | Feb 24, 2015 | M | 79,411 | D | Jan 8, 2010 | Jan 8, 2016 | Common Stock | 79,411 | 450,000 | D |
| Non-Qualified Stock Option (right to buy) | $2.61 | Feb 24, 2015 | M | 41,000 | D | Jan 8, 2009 | Dec 15, 2015 | Common Stock | 41,000 | 9,000 | D |
| Non-Qualified Stock Option (right to buy) | $2.61 | Feb 25, 2015 | M | 9,000 | D | Jan 8, 2009 | Dec 15, 2015 | Common Stock | 9,000 | 0 | D |
| Non-Qualified Stock Option (right to buy) | $4.12 | Feb 25, 2015 | M | 70,174 | D | Jan 8, 2010 | Jan 8, 2016 | Common Stock | 70,174 | 379,826 | D |
Explanation of responses
- F1Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
- F2Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F3Shares held by L Tan & N Lee & W Lee Trustees, Pacvan Walden Inc.
- F4Shares transferred to the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F5Shares held by the Lip-Bu and Ysa Loo Trust date 2/3/1992.
- F6The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.