CEVA INC — Director's Dealing 2011

May 31, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2011-05-27

Reporting Person: MANN BRUCE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-27	Common Stock	M	26000	$7.42	Acquired	26000	Direct
2011-05-27	Common Stock	S	26000	$33.82	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-27	Stock Option	$7.42	M	26000	Disposed	2011-07-20	Common Stock (26000)	Direct

Footnotes

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