SEC Form 4 · accession 0001209191-18-008613
CADENCE DESIGN SYSTEMS INC · CDNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lip Bu Tan
Officer — CEO · Director
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 8:40 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 StockF5,F6 | Feb 6, 2018 | A | 69,480 | $0.00 | A | 503,069 | D | |
| Common StockF1 | holding | — | — | — | 31,400 | I | Held by IRA | |
| Common StockF2 | holding | — | — | — | 15,000 | I | By Trust 1 | |
| Common StockF3 | holding | — | — | — | 1,098,179 | I | By Trust 2 | |
| Common StockF4 | 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)F7 | $39.58 | Feb 6, 2018 | A | 269,301 | A | Mar 6, 2018 | Feb 6, 2025 | Common Stock | 269,301 | 269,301 | 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 the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
- F4Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
- F5Grant of performance-based incentive stock.
- F6Amount of securities beneficially owned includes 256 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2018.
- F7Option vests at a rate of 1/48th per month.