0001209191-23-011290.txt : 20230221 0001209191-23-011290.hdr.sgml : 20230221 20230221171953 ACCESSION NUMBER: 0001209191-23-011290 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230216 FILED AS OF DATE: 20230221 DATE AS OF CHANGE: 20230221 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: 23649484 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: 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 doc4.xml FORM 4 SUBMISSION X0306 4 2023-02-16 0 0000813672 CADENCE DESIGN SYSTEMS INC CDNS 0001008463 TAN LIP BU 2655 SEELY AVENUE, BLDG. 5 SAN JOSE CA 95134 1 0 0 1 Executive Chair Common Stock 2023-02-16 4 M 0 42500 30.79 A 645089 D Common Stock 2023-02-16 4 S 0 9072 194.1695 D 636017 D Common Stock 2023-02-16 4 S 0 16601 194.972 D 619416 D Common Stock 2023-02-16 4 S 0 13341 195.8952 D 606075 D Common Stock 2023-02-16 4 S 0 3224 197.1105 D 602851 D Common Stock 2023-02-16 4 S 0 262 198.1073 D 602589 D Common Stock 15000 I Held by Trust 1 Common Stock 898040 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) 30.79 2023-02-16 4 M 0 42500 0.00 D 2024-02-21 Common Stock 42500 340000 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 $193.49 to $194.48, 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 $194.49 to $195.48, 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 $195.50 to $196.48, 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 $196.59 to $197.51, 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 $198.05 to $198.14, 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 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 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 21, 2017. Exhibit List - Exhibit 24 - Power of Attorney Ahalya Hildreth, Attorney-in-Fact for Lip-Bu Tan 2023-02-21 EX-24 2 poa.txt POA DOCUMENT POWER OF ATTORNEY I, the undersigned, hereby authorize John Wall, Karna Nisewaner, 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 8, 2023 /s/ Lip-Bu Tan Lip-Bu Tan