CEVA INC — Director's Dealing 2010

May 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2010-05-17

Reporting Person: NILSSON SVEN CHRISTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-17	Common Stock	M	180000	$4.25	Acquired	180000	Direct
2010-05-17	Common Stock	S	180000	$12.31	Disposed	0	Direct
2010-05-17	Common Stock	M	13000	$5.85	Acquired	13000	Direct
2010-05-17	Common Stock	S	13000	$12.31	Disposed	0	Direct
2010-05-17	Common Stock	M	9750	$5.76	Acquired	9750	Direct
2010-05-17	Common Stock	S	9750	$12.31	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-17	Stock Option (Right to Buy)	$4.25	M	180000	Disposed	2010-04-30	Common Stock (180000)	Direct
2010-05-17	Stock Option (Right to Buy	$5.85	M	13000	Disposed	2012-06-30	Common Stock (13000)	Direct
2010-05-17	Stock Option (Right to Buy	$5.76	M	9750	Disposed	2013-06-30	Common Stock (9750)	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 $12.22 to $12.40, 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 4/30/04, 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 6/30/2006, the first year anniversary of the grant date, and 25% each year thereafter

F4: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/2007, the first year anniversary of the grant date, and 25% each year thereafter