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CEVA INC Director's Dealing 2005

May 17, 2005

32631_dirs_2005-05-17_9e1693af-3b26-4439-b0f5-9fd9d30ec77a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2005-05-16

Reporting Person: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-16 Common Stock M 25000 $5.8355 Acquired 25000 Direct
2005-05-16 Common Stock S 25000 $7 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-05-16 Stock Option (Right to Buy) $5.8355 M 25000 Disposed 2005-07-02 Common Stock (25000) Direct

Footnotes

F1: This option was granted July 2, 1998 and was fully vested as of the transaction date.