CEVA INC — Director's Dealing 2011

May 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2011-04-29

Reporting Person: OHANA ISSACHAR (EVP Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-29	Common Stock	S	1518	$30.69	Disposed	0	Direct
2011-04-29	Common Stock	M	37500	$9.80	Acquired	37500	Direct
2011-04-29	Common Stock	S	37500	$30.48	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-29	Stock Option (Right to Buy)	$9.80	M	37500	Disposed	2015-05-20	Common Stock (37500)	Direct

Footnotes

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

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