CEVA INC — Director's Dealing 2006

Jan 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2006-01-26

Reporting Person: OHANA ISSACHAR (VP Worldwide Sales)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-26	Stock Option	$6.56	A	25000	Acquired	2010-01-26	Common Stock (25000)	Direct

Footnotes

F1: The stock option becomes exercisable as to 25% of the underlying shares on the first anniversary of the grant date and 1/48th
each month thereafter.