CEVA INC — Director's Dealing 2010

Nov 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2010-11-11

Reporting Person: Arieli Yaniv (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-11	Common Stock	M	16250	$9.10	Acquired	16250	Direct
2010-11-11	Common Stock	S	16250	$20.8228	Disposed	0	Direct
2010-11-11	Common Stock	M	23750	$9.8	Acquired	23750	Direct
2010-11-11	Common Stock	S	23750	$20.8158	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-11	Stock Option (Right to Buy)	$9.10	M	16250	Disposed	2014-07-24	Common Stock (16250)	Direct
2010-11-11	Stock Option (Right to Buy	$9.80	M	23750	Disposed	2015-05-20	Common Stock (23750)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.82 to $20.80, 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.

F2: The stock option becomes exercisable as to 25% of the underlying shares on 7/24/08, the first anniversary of the grant date, and 1/48th each month thereafter.

F3: The stock option becomes exercisable as to 25% of the underlying shares on 5/20/09, the first anniversary of the grant date, and 1/48th each month thereafter.