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: WERTHEIZER GIDEON (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-10-31	Common Stock	S	806	$32.00	Disposed	0	Direct
2011-10-31	Common Stock	M	1400	$8.03	Acquired	1400	Direct
2011-10-31	Common Stock	S	1400	$32.50	Disposed	0	Direct
2011-11-01	Common Stock	M	2500	$9.10	Acquired	2500	Direct
2011-11-01	Common Stock	M	32500	$9.80	Acquired	35000	Direct
2011-11-01	Common Stock	M	21933	$8.03	Acquired	56993	Direct
2011-11-01	Common Stock	S	56993	$29.03	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-10-31	Stock Option (Right to Buy)	$8.03	M	1400	Disposed	2016-06-01	Common Stock (1400)	Direct
2011-11-01	Stock Option (Right to Buy)	$9.10	M	2500	Disposed	2014-07-24	Common Stock (2500)	Direct
2011-11-01	Stock Option (Right to Buy)	$9.80	M	32500	Disposed	2015-05-20	Common Stock (32500)	Direct
2011-11-01	Stock Option (Right to Buy)	$8.03	M	21993	Disposed	2016-06-01	Common Stock (21993)	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.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.00 to $29.36, 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.