CEVA INC — Director's Dealing 2007

Aug 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2007-07-30

Reporting Person: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock	M	997	$7.91	Acquired	2474	Direct
2007-07-30	Common Stock	S	997	$8.7026	Disposed	1477	Direct
2007-07-30	Common Stock	M	6500	$5.85	Acquired	7977	Direct
2007-07-30	Common Stock	S	6500	$8.7026	Disposed	1477	Direct
2007-07-30	Common Stock	M	3250	$5.76	Acquired	4727	Direct
2007-07-30	Common Stock	S	3250	$8.7026	Disposed	1477	Direct
2007-07-30	Common Stock	S	239	$8.5602	Disposed	1238	Direct
2007-07-30	Common Stock	S	176	$8.567	Disposed	1062	Direct
2007-07-30	Common Stock	S	245	$8.6008	Disposed	817	Direct
2007-07-30	Common Stock	S	347	$8.6315	Disposed	470	Direct
2007-07-30	Common Stock	S	470	$8.66	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-30	Stock Option (Right to Buy)	$7.91	M	997	Disposed	2011-07-01	Common Stock (997)	Direct
2007-07-30	Stock Option (Right to Buy)	$5.85	M	6500	Disposed	2012-06-30	Common Stock (6500)	Direct
2007-07-30	Stock Option (Right to Buy)	$5.76	M	3250	Disposed	2013-06-30	Common Stock (3250)	Direct

Footnotes

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