CEVA INC — Director's Dealing 2011

Nov 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2011-10-31

Reporting Person: Arieli Yaniv (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-31	Common Stock	S	534	$32.50	Disposed	0	Direct
2011-10-31	Common Stock	M	700	$9.10	Acquired	700	Direct
2011-10-31	Common Stock	S	700	$32.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-31	Stock Option (Right to Buy)	$9.10	M	700	Disposed	2014-07-24	Common Stock (700)	Direct

Footnotes

F1: The shares sold were acquired on July 31, 2011 under the CEVA, Inc. 2002 Employee Stock Purchase Plan.

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