CEVA INC — Director's Dealing 2009

Nov 9, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2009-11-05

Reporting Person: Arieli Yaniv (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-05	Common Stock	S	1571	$11.8292	Disposed	0	Direct
2009-11-05	Common Stock	M	9429	$5.55	Acquired	9429	Direct
2009-11-05	Common Stock	S	9429	$11.8292	Disposed	0	Direct
2009-11-09	Common Stock	M	36571	$5.55	Acquired	36571	Direct
2009-11-09	Common Stock	S	36571	$11.6103	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-05	Stock Option (Right to Buy)	$5.55	M	9429	Disposed	2012-07-19	Common Stock (9429)	Direct
2009-11-09	Stock Option (Right to Buy)	$5.55	M	36571	Disposed	2012-07-19	Common Stock (36571)	Direct

Footnotes

F1: These shares were acquired under CEVA, Inc. 2002 Employee Stock Purchase Plan on July 31, 2009

F2: 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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.60 to $11.70, inclusive. The reporting person undertakes to provide to Ceva, Inc., any security holder of Ceva, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.

F4: 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.