SEC Form 4 · accession 0001594376-16-000004
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
Mar 18, 2016
Accepted (ET)
Mar 21, 2016 · 12:39 pm EDT
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 Stock | Mar 18, 2016 | M | 35,000 | $27.65 | A | 232,935 | D | |
| Common StockF1 | Mar 18, 2016 | S | 35,000 | $47.5211 | D | 197,935 | 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)F3 | $27.65 | Mar 18, 2016 | M | 35,000 | D | Mar 8, 2012 | Dec 8, 2018 | Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $47.50 to $47.59. 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.
- F2The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F3Option vests in 16 equal quarterly installments beginning on the date shown.