SEC Form 4 · accession 0001199719-18-000075
SYNOPSYS INC · SNPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chi-Foon Chan
Officer — Co-CEO & President · Director
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 2:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883241
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Dec 7, 2018 | S | 3,611 | $88.2774 | D | 198,633 | D | |
| Common Stock | Dec 8, 2018 | M | 7,365 | $0.00 | A | 205,998 | D | |
| Common StockF3 | Dec 8, 2018 | F | 3,652 | $87.82 | D | 202,346 | D | |
| Common Stock | Dec 8, 2018 | M | 9,673 | $0.00 | A | 212,019 | D | |
| Common StockF3 | Dec 8, 2018 | F | 4,796 | $87.82 | D | 207,223 | D | |
| Common Stock | Dec 8, 2018 | M | 7,661 | $0.00 | A | 214,884 | D | |
| Common StockF3 | Dec 8, 2018 | F | 3,799 | $87.82 | D | 211,085 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units | $0.00 | Dec 8, 2018 | D | 7,365 | D | Dec 8, 2018 | Dec 8, 2018 | Common Stock | 7,365 | 0 | D |
| Restricted Stock Units | $0.00 | Dec 8, 2018 | D | 9,673 | D | Dec 8, 2018 | Dec 8, 2019 | Common Stock | 9,673 | 9,672 | D |
| Restricted Stock Units | $0.00 | Dec 8, 2018 | D | 7,661 | D | Dec 8, 2018 | Dec 8, 2020 | Common Stock | 7,661 | 15,322 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $87.21 to 89.88. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F3These shares were retained by the Company in order to meet the tax withholding obligations of the award holder in connection with the vesting of an installment of the performance restricted stock unit award. The Compensation Committee approved the disposition of shares by the award holder and the amount retained by the Company was not in excess of the amount of the tax liability.