SEC Form 4 · accession 0001199719-15-000103
SYNOPSYS INC · SNPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sudhindra Kankanwadi
Officer — VP and Corporate Controller
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 4:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883241
Table I — non-derivative securities
No Table I lines on this filing.
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 | $45.23 | Dec 15, 2015 | A | 18,434 | A | Mar 15, 2016 | Dec 15, 2022 | Common Stock | 18,434 | 18,434 | D |
| Restricted Stock UnitsF4 | $0.00 | Dec 15, 2015 | A | 3,814 | A | Dec 8, 2016 | Dec 8, 2019 | Common Stock | 3,814 | 3,814 | D |
Explanation of responses
- F1Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan. The Compensation Committee of the Board of Directors approved an option grant value of $172,500, with the number of shares subject to the option to be determined by dividing that amount by the fair value of an option to acquire a share of Synopsys common stock on the grant date using the Black-Scholes option pricing model.
- F2Option vests in 16 equal quarterly installments beginning on the date shown.
- F3The Compensation Committee of the Board of Directors approved a restricted stock unit grant value of $172,500, with the number of restricted stock units to be determined by dividing that amount by the closing price of Synopsys common stock on the grant date.
- F4The restricted stock units vest in four equal annual installments beginning December 8, 2016.