0000813672-24-000070.txt : 20240319 0000813672-24-000070.hdr.sgml : 20240319 20240319182032 ACCESSION NUMBER: 0000813672-24-000070 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240315 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: DEVGAN ANIRUDH CENTRAL INDEX KEY: 0001591933 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-15867 FILM NUMBER: 24765482 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC CENTRAL INDEX KEY: 0000813672 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770148231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2655 SEELY AVENUE BLDG 5 CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: 4089431234 MAIL ADDRESS: STREET 1: 2655 SEELY AVENUE CITY: SAN JOSE STATE: CA ZIP: 95134 FORMER COMPANY: FORMER CONFORMED NAME: ECAD INC /DE/ DATE OF NAME CHANGE: 19880609 4 1 wk-form4_1710886816.xml FORM 4 X0508 4 2024-03-15 0 0000813672 CADENCE DESIGN SYSTEMS INC CDNS 0001591933 DEVGAN ANIRUDH 2655 SEELY AVENUE, BLDG. 5 SAN JOSE CA 95134 1 1 0 0 President and CEO 1 Common Stock 2024-03-15 4 F 0 49215 298.44 D 87240 D Common Stock 2024-03-15 4 A 0 29105 0 A 116345 D Common Stock 2024-03-18 4 S 0 3757 300.7294 D 112588 D Common Stock 2024-03-18 4 S 0 10013 302.0253 D 102575 D Common Stock 2024-03-18 4 S 0 31749 302.7549 D 70826 D Common Stock 2024-03-18 4 S 0 3014 303.5836 D 67812 D Non-Qualified Stock Option (right to buy) 298.44 2024-03-15 4 A 0 83145 0 A 2031-03-15 Common Stock 83145 83145 D Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award. Grant of Performance-Based Incentive Stock Award. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.26 to $300.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $301.32 to $302.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $302.32 to $303.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $303.32 to $303.94, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Option vests at a rate of 1/48th per month. Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan 2024-03-19