CEVA INC — Director's Dealing 2010

Aug 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2010-08-05

Reporting Person: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-05	Common Stock	M	3250	$7.91	Acquired	3250	Direct
2010-08-05	Common Stock	S	3250	$12.8748	Disposed	0	Direct
2010-08-05	Common Stock	M	3250	$5.76	Acquired	3250	Direct
2010-08-05	Common Stock	S	3250	$12.8748	Disposed	0	Direct
2010-08-05	Common Stock	M	3250	$8.68	Acquired	3250	Direct
2010-08-05	Common Stock	S	3250	$12.8748	Disposed	0	Direct
2010-08-05	Common Stock	M	9750	$8.50	Acquired	9750	Direct
2010-08-05	Common Stock	S	9750	$12.8748	Disposed	0	Direct
2010-08-05	Common Stock	M	6500	$7.97	Acquired	6500	Direct
2010-08-05	Common Stock	S	6500	$12.8748	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-05	Stock Option (Right to Buy)	$7.91	M	3250	Disposed	2014-07-01	Common Stock (3250)	Direct
2010-08-05	Stock Option (Right to Buy)	$5.76	M	3250	Disposed	2016-06-30	Common Stock (3250)	Direct
2010-08-05	Stock Option (Right to Buy)	$8.68	M	3250	Disposed	2016-06-30	Common Stock (3250)	Direct
2010-08-05	Stock Option (Right to Buy)	$8.50	M	9750	Disposed	2014-06-30	Common Stock (9750)	Direct
2010-08-05	Stock Option (Right to Buy)	$7.97	M	6500	Disposed	2015-06-30	Common Stock (6500)	Direct

Footnotes

F1: The stock option becomes exercisable as to 25% of the underlying shares on 7/1/05, the first anniversary of the grant date, and 25% each year thereafter.

F2: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/07, the first anniversary of the grant date, and 25% each year thereafter.

F3: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/10, the first anniversary of the grant date, and 25% each year thereafter.

F4: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/08, the first anniversary of the grant date, and 25% each year thereafter.

F5: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/09, the first anniversary of the grant date, and 25% each year thereafter.