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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $ 0 | 12/04/2009 | D | 21,000 | 12/04/2009 | 12/10/2011 | Common Stock | 21,000 | $ 0 | 42,000 | D | ||||
Restricted Stock Units | $ 0 | 12/02/2009 | A(5) | 79,800 | 12/04/2009(6) | 12/08/2012 | Common Stock | 79,800 | $ 0 | 79,800 | D | ||||
Restricted Stock Units | $ 0 | 12/04/2009 | D | 19,950 | 12/04/2009 | 12/08/2012 | Common Stock | 19,950 | $ 0 | 59,850 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DE GEUS AART 700 EAST MIDDLEFIELD ROAD MOUNTAIN VIEW, CA 94043 |
X | Chairman of the Board & CEO |
By: Stephen Buckhout pursuant to POA For: Aart de Geus | 12/04/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Upon vesting, each restricted stock unit was converted into an equivalent number of shares of common stock. |
(2) | These shares were retained by the Company in order to meet the tax withholding obligations of the award holder in connection with the vesting of an installment of the performance restricted stock unit award. The Compensation Committee approved the disposition of shares by the award holder and the amount retained by the Company was not in excess of the amount of the tax liability. |
(3) | Reporting person disclaims beneficial ownership by spouse |
(4) | On September 1, 2009, the reporting person established a new grantor retained annuity trust for the benefit of himself and his two minor children and contributed 275,000 shares of SNPS common stock thereto. On September 12, 2006, the reporting person contributed 275,000 shares of SNPS common stock to a grantor retained annuity trust for the benefit of himself and his two minor children (the "2006 GRAT"). The reporting person previously reported returns of an aggregate of [155,389] shares from the 2006 GRAT to himself. The 2006 GRAT terminated on September 12, 2009, at which time an aggregate of 14,852 shares were gifted to trusts for the benefit of the reporting person's minor children, each trust of which has an independent trustee. In addition, on September 12, 2009, the remaining [104,759] shares in the 2006 GRAT were returned to the reporting person. |
(5) | On 12/10/08 the reporting person was granted Restricted Stock Units the vesting of which was based on satisfaction of certain performance criteria for the fiscal year ending 10/31/09. The performance criteria were met. |
(6) | 25% of the units vest on the date shown followed by three equal annual installments. |