SEC Form 4 · accession 0001209191-16-097449
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anirudh Devgan
Officer — Sr. Vice President
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 7:19 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 StockF1 | Feb 8, 2016 | A | 55,000 | $0.00 | A | 161,115 | D | |
| Common StockF1 | Feb 8, 2016 | A | 200,000 | $0.00 | A | 361,115 | D | |
| Common StockF2 | Feb 9, 2016 | F | 1,795 | $19.82 | D | 359,320 | 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 | $19.60 | Feb 8, 2016 | A | 110,000 | A | Mar 8, 2016 | Feb 8, 2023 | Common Stock | 110,000 | 110,000 | D |
Explanation of responses
- F1Grant of performance-based incentive stock.
- F2Shares withheld to satisfy tax obligations arising out of vesting of restricted stock.
- F3Option vests at a rate of 1/48th per month.