SEC Form 4 · accession 0001209191-17-011416
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Surendra Babu Mandava
Officer — Sr. Vice President
Period of report
Feb 15, 2017
Accepted (ET)
Feb 16, 2017 · 3:44 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 15, 2017 | A | 85,000 | $0.00 | A | 85,000 | 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)F2 | $30.10 | Feb 15, 2017 | A | 85,000 | A | Feb 15, 2018 | Feb 15, 2024 | Common Stock | 85,000 | 85,000 | D |
Explanation of responses
- F1Grant of performance-based incentive stock.
- F2Grant vests 25% after first year anniversary; 1/36th of balance monthly thereafter.