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Cadence Design Systems's President & CEO just cashed-in 155,000 options

Lip Bu Tan, Cadence Design Systems's President & CEO and a director of the company, recently cashed-in 155,000 options. The options were exercised at $4.20, while the disposals took place at $21.19 per share, on October 20, 2015. Tan continues to hold 1,182,842 shares of the company. Tan operates out of San Jose, CA. Some additional info was provided as follows:

Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian...