SEC Form 4 · accession 0001209191-15-071228
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aneel Zaman
Officer — Sr. Vice President
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 5:38 pm EDT
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 StockF1 | Sep 15, 2015 | F | 626 | $21.14 | D | 75,203 | D | |
| Common StockF2 | Sep 15, 2015 | A | 20,000 | $0.00 | A | 95,203 | D |
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)F3 | $21.14 | Sep 15, 2015 | A | 30,000 | A | Oct 15, 2015 | Sep 15, 2022 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1Shares withheld to satisfy tax obligations arising out of vesting of restricted stock.
- F2Grant of performance-based incentive stock.
- F3Option vests at a rate of 1/48th per month.