Statement of Changes in Beneficial Ownership (4)
February 19 2020 - 5:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
TAN LIP BU |
2. Issuer Name and Ticker or Trading Symbol
CADENCE DESIGN SYSTEMS INC
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CDNS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO |
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(Last)
(First)
(Middle)
2655 SEELY AVENUE, BLDG. 5 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/14/2020 |
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(Street)
SAN JOSE, CA 95134
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 1/31/2020 | | G |
V
| 163 (1) | D | $0.00 | 848272 (2) | D | |
| Common Stock | 1/31/2020 | | G |
V
| 163 (1) | A | $0.00 | 1129390 | I | Held by Trust 2 (3) |
| Common Stock | 2/6/2020 | | G |
V
| 11580 (1) | D | $0.00 | 836692 | D | |
| Common Stock | 2/6/2020 | | G |
V
| 11580 (1) | A | $0.00 | 1140970 | I | Held by Trust 2 (3) |
| Common Stock | 2/14/2020 | | A | | 47613 (4) | A | $0.00 | 884305 | D | |
| Common Stock | | | | | | | | 15000 | I | Held by Trust 1 (5) |
| Common Stock | | | | | | | | 7000 | I | Held by Trust 3 (6) |
| Common Stock | | | | | | | | 31400 | I | Held by IRA (7) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Non-Qualified Stock Option (right to buy) | $78.76 | 2/14/2020 | | A | | 198035 (8) | | 3/14/2020 | 2/14/2027 | Common Stock | 198035 | $0.00 | 198035 | D | |
| Explanation of Responses: |
| (1) | Shares transferred to the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992. |
| (2) | Amount of securities beneficially owned reflects 163 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2020 and transferred to the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992 as reported in this Form 4. |
| (3) | Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992. |
| (4) | Grant of performance-based incentive stock. |
| (5) | Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992. |
| (6) | Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan. |
| (7) | Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997. |
| (8) | Option vests at a rate of 1/48th per month. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
TAN LIP BU
2655 SEELY AVENUE, BLDG. 5
SAN JOSE, CA 95134 | X |
| CEO |
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Signatures
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| Shirley X. Li, Attorney-in-Fact for Lip-Bu Tan | | 2/19/2020 |
| **Signature of Reporting Person | Date |
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