0001209191-22-020464.txt : 20220321
0001209191-22-020464.hdr.sgml : 20220321
20220321213656
ACCESSION NUMBER: 0001209191-22-020464
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20220317
FILED AS OF DATE: 20220321
DATE AS OF CHANGE: 20220321
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TAN LIP BU
CENTRAL INDEX KEY: 0001008463
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-15867
FILM NUMBER: 22757066
MAIL ADDRESS:
STREET 1: ONE CALIFORNIA STREET 28TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
FORMER NAME:
FORMER CONFORMED NAME: TAN LIP BU ET AL
DATE OF NAME CHANGE: 19960217
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CADENCE DESIGN SYSTEMS INC
CENTRAL INDEX KEY: 0000813672
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 770148231
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0101
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-03-17
0
0000813672
CADENCE DESIGN SYSTEMS INC
CDNS
0001008463
TAN LIP BU
2655 SEELY AVENUE, BLDG. 5
SAN JOSE
CA
95134
1
1
0
0
Executive Chairman
Common Stock
2022-03-17
4
M
0
50000
19.60
A
777264
D
Common Stock
2022-03-17
4
S
0
35464
151.4682
D
741800
D
Common Stock
2022-03-17
4
S
0
14536
152.4784
D
727264
D
Common Stock
2022-03-17
4
F
0
35088
142.50
D
692176
D
Common Stock
15000
I
Held by Trust 1
Common Stock
1307268
I
Held by Trust 2
Common Stock
7000
I
Held by Trust 3
Common Stock
31400
I
Held by IRA
Non- Qualified Stock Option (right to buy)
19.60
2022-03-17
4
M
0
50000
0.00
D
2023-02-08
Common Stock
50000
350000
D
The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted 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 $151.00 to $151.98, 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 $152.00 to $152.86, 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.
Shares withheld to satisfy tax obligations arising out of vesting of PSA.
Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
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.
Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.
These options vested at a rate of 1/48th per month starting on March 8, 2016.
Exhibit List - Exhibit 24 - Power of Attorney
Stephanie Wells, Attorney-in-Fact for Lip-Bu Tan
2022-03-21
EX-24
2
poa.txt
POA DOCUMENT
POWER OF ATTORNEY
I, Lip-Bu Tan, hereby authorize John Wall, Alinka Flaminia, Stephanie Wells and
Ahalya Hildreth of Cadence Design Systems, Inc., a Delaware corporation (the
"Company"), to sign and file on my behalf the Initial Statement of Beneficial
Ownership of Securities on Form 3, the Statements of Changes in Beneficial
Ownership on Forms 4 and 5 and any amendments and applications thereto, to be
filed with the U.S. Securities and Exchange Commission pursuant to Section 16(a)
of the Securities Exchange Act of 1934, as amended, relating to my beneficial
ownership of securities in the Company.
I hereby grant to each such attorney-in-fact full power and authority to do and
perform any and every act and thing whatsoever requisite, necessary or proper to
be done in the exercise of any of the rights and powers herein granted, as fully
to all intents and purposes as I might or could do if personally present, with
full power of substitution or revocation, hereby ratifying and confirming all
that such attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of this power of
attorney and the rights and powers herein granted. I acknowledge that the
foregoing attorney-in-fact, in serving in such capacity at my request, is not
assuming, nor is the Company assuming, any of my responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934, as amended.
This shall remain in effect until I am no longer required to file forms under
Section 16 of the Securities Exchange Act of 1934, as amended, with respect to
the Company's securities, unless earlier revoked in writing delivered to the
foregoing attorneys-in-fact.
Date: February 11, 2022
/s/ Lip-Bu Tan
Lip-Bu Tan