SEC Form 4 · accession 0001209191-16-097450
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Geoffrey G Ribar
Officer — Sr. VP, CFO
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 7:35 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 | 35,000 | $0.00 | A | 189,031 | D | |
| Common StockF1 | Feb 8, 2016 | A | 100,000 | $0.00 | A | 289,031 | D | |
| Common StockF2 | Feb 9, 2016 | F | 2,157 | $19.82 | D | 286,874 | 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 | 100,000 | A | Mar 8, 2016 | Feb 8, 2023 | Common Stock | 100,000 | 100,000 | 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.