CEVA INC — Director's Dealing 2003

Oct 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PARTHUSCEVA INC (PCVA)
CIK: 0001173489
Period of Report: 2003-06-18

Reporting Person: OVADIA BAT SHEVA (Chief Scientist - DSP Tech)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-06-18	Stock Option (Right to Buy)	$11.88	D	28934	Disposed	2007-10-26	Common Stock (28934)	Direct

Footnotes

F1: The option becomes exerciseable as to 25% of the underlying shares on the first anniversary of the grant date and as to 6.25% each quarter thereafter.

F2: On June 18, 2003, the issuer canceled, pursuant to the issuer's option exchange program, an option granted to the reporting person on October 26, 2000. In exchange, the reporting person will receive a replacement option on December 19, 2003, for the same number of shares, having an exercise price equl to the market price of the underlying stock on the date of grant.