SEC Form 4 · accession 0001209191-16-146376
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
Oct 17, 2016
Accepted (ET)
Oct 19, 2016 · 5:12 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 Stock | Oct 17, 2016 | M | 100,000 | $5.60 | A | 466,665 | D | |
| Common StockF5 | Oct 17, 2016 | S | 100,000 | $25.9945 | D | 366,665 | 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 | |
| Common StockF4 | holding | — | — | — | 997,458 | I | By Trust 2 |
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) | $5.60 | Oct 17, 2016 | M | 100,000 | D | Mar 8, 2010 | Feb 8, 2017 | Common Stock | 100,000 | 100,000 | 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, Pacven Walden Inc.
- F4Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F5The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.