SEC Form 4 · accession 0001209191-17-014065
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 7:55 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 StockF4,F5 | Feb 7, 2017 | Z | 389 | $0.00 | D | 366,665 | D | |
| Common StockF6 | Feb 7, 2017 | Z | 389 | $0.00 | A | 989,847 | I | By Trust 2 |
| Common StockF4 | Feb 14, 2017 | Z | 58,333 | $0.00 | D | 308,332 | D | |
| Common StockF6 | Feb 14, 2017 | Z | 58,333 | $0.00 | A | 1,048,180 | I | By Trust 2 |
| Common StockF7 | Feb 21, 2017 | A | 75,000 | $0.00 | A | 383,332 | D | |
| Common StockF7 | Feb 21, 2017 | A | 100,000 | $0.00 | A | 483,332 | 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 |
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)F8 | $30.79 | Feb 21, 2017 | A | 425,000 | A | Mar 21, 2017 | Feb 21, 2024 | Common Stock | 425,000 | 425,000 | 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 transferred to the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F5The Reporting Person acquired 389 shares through the Employee Stock Purchase Plan on January 31, 2017.
- F6Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F7Grant of performance-based incentive stock.
- F8Option vests at a rate of 1/48th per month.