Souper says:

; Function: fn1
%0:i32 = var 
%1:i1 = ult 1:i32, %0
%2:i32 = shl %0, 1:i32
%3:i32 = select %1, 0:i32, %2
%4:i1 = ne 1:i32, %3
cand %4 1:i1

COMMAND: /home/regehr/souper/build/souper -stp-path=/usr/local/bin/stp reduce_696/foo.bc

LLVM says:

define void @fn1() #0 {
entry:
  %0 = load i32* @a, align 4, !tbaa !1
  %tobool = icmp ugt i32 %0, 1
  %shl = shl i32 %0, 1
  %.shl = select i1 %tobool, i32 0, i32 %shl
  store i32 %.shl, i32* @c, align 4, !tbaa !1
  %cmp = icmp ne i32 %.shl, 1
  %conv = zext i1 %cmp to i32
  store i32 %conv, i32* @b, align 4, !tbaa !1
  ret void
}

COMMAND: /home/regehr/souper/third_party/llvm/Debug/bin/clang -c -w -emit-llvm -O3 reduce_696/foo.c -o reduce_696/foo.bc

C source code:

int a, b, c;
void fn1() {
  c = a >> 1 ? 0 : a << 1;
  b = c != 1;
}

x86-64 from LLVM:

fn1:                                    # @fn1
	movl	a(%rip), %eax
	leal	(%rax,%rax), %ecx
	xorl	%edx, %edx
	cmpl	$1, %eax
	cmovbel	%ecx, %edx
	cmpl	$1, %edx
	movl	%edx, c(%rip)
	setne	%al
	movzbl	%al, %eax
	movl	%eax, b(%rip)
	retq

COMMAND: /home/regehr/souper/third_party/llvm/Debug/bin/clang -w -O3 reduce_696/foo.c -S -o -

x86-64 from GCC:

fn1:
	movl	a(%rip), %edx
	xorl	%eax, %eax
	movl	$1, b(%rip)
	leal	(%rdx,%rdx), %ecx
	shrl	%edx
	cmove	%ecx, %eax
	movl	%eax, c(%rip)
	ret

COMMAND: gcc -w -O3 reduce_696/foo.c -S -o -