Logan Joseph W 4
4 · SYNOPSYS INC · Filed Dec 13, 2021
Insider Transaction Report
Form 4
SYNOPSYS INCSNPS
Logan Joseph W
Sr. VP, Worldwide Sales
Transactions
- Award
Common Stock
2021-12-09+3,705→ 100,719 total - Tax Payment
Common Stock
2021-12-09$354.48/sh−1,837$651,180→ 98,882 total - Exercise/Conversion
Common Stock
2021-12-09+1,869→ 100,751 total - Disposition to Issuer
Restricted Stock Units
2021-12-09−1,869→ 8,407 totalExercise: $0.00From: 2021-12-09Exp: 2024-12-08→ Common Stock (1,869 underlying) - Tax Payment
Common Stock
2021-12-09$354.48/sh−927$328,603→ 99,824 total - Award
Non-Qualified Stock Option (right to buy)
2021-12-09+8,914→ 8,914 totalExercise: $354.48From: 2022-12-09Exp: 2028-12-09→ Common Stock (8,914 underlying) - Award
Restricted Stock Units
2021-12-09+7,474→ 10,276 totalExercise: $0.00From: 2021-12-09Exp: 2024-12-08→ Common Stock (7,474 underlying) - Award
Restricted Stock Units
2021-12-09+2,469→ 2,469 totalExercise: $0.00From: 2022-12-08Exp: 2025-12-08→ Common Stock (2,469 underlying)
Footnotes (7)
- [F1]Represents one tranche of a performance-based restricted stock award granted on October 18, 2019 for which a non-GAAP operating margin goal for the fiscal year ended October 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021. All of the stock units subject to this tranche vested on December 9, 2021.
- [F2]These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the performance-based restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.
- [F3]Grant to reporting person to buy shares of common stock under the Synopsys, Inc 2006 Employee Equity Incentive Plan.
- [F4]1/4 of the grant becomes exercisable one year after grant date with the remainder becoming exercisable in a series of 12 equal quarterly installments thereafter, subject to continued service through each vesting date.
- [F5]Represents a performance-based restricted stock unit award granted on December 10, 2020 for which a non-GAAP net income goal for the fiscal year ended October 30, 2021 was determined by the Compensation Committee to have been achieved on December 9, 2021 and are reflected in Table 1, and the remaining 75% will vest in three equal annual installments beginning on December 8, 2022, subject to continue service through each vesting date.
- [F6]25% of the units vest on the date shown followed by three equal annual installments.
- [F7]The Compensation Committee of the Board of Directors approved a restricted stock unit grant under the Synopsys, Inc. 2006 Employee Equity Incentive Plan.