CEVA INC — Director's Dealing 2015

Nov 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2015-11-20

Reporting Person: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-20	Common Stock	M	6375	$8.68	Acquired	12875	Direct
2015-11-20	Common Stock	S	6375	$25.07	Disposed	6500	Direct
2015-11-20	Common Stock	M	9503	$12.60	Acquired	16003	Direct
2015-11-20	Common Stock	S	9503	$25.08	Disposed	6500	Direct
2015-11-20	Common Stock	M	9382	$17.61	Acquired	15882	Direct
2015-11-20	Common Stock	F	6572	$25.07	Disposed	9310	Direct
2015-11-20	Common Stock	S	2810	$25.07	Disposed	6500	Direct
2015-11-23	Common Stock	M	125	$8.68	Acquired	6625	Direct
2015-11-23	Common Stock	S	125	$25.00	Disposed	6500	Direct
2015-11-23	Common Stock	M	247	$12.60	Acquired	6747	Direct
2015-11-23	Common Stock	S	247	$25.00	Disposed	6500	Direct
2015-11-23	Common Stock	M	368	$17.61	Acquired	6868	Direct
2015-11-23	Common Stock	F	260	$25.00	Disposed	6608	Direct
2015-11-23	Common Stock	S	108	$25.00	Disposed	6500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-20	Stock Option (Right to Buy)	$8.68	M	6375	Acquired	2016-06-30	Common Stock (6375)	Direct
2015-11-20	Stock Option (Right to Buy)	$12.60	M	9503	Acquired	2017-06-30	Common Stock (9503)	Direct
2015-11-20	Stock Option (Right to Buy)	$17.61	M	9382	Acquired	2022-06-30	Common Stock (9382)	Direct
2015-11-23	Stock Option (Right to Buy)	$8.68	M	125	Acquired	2016-06-30	Common Stock (125)	Direct
2015-11-23	Stock Option (Right to Buy)	$12.60	M	247	Acquired	2017-06-30	Common Stock (247)	Direct
2015-11-23	Stock Option (Right to Buy)	$17.61	M	368	Acquired	2022-06-30	Common Stock (368)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 2,810 shares of common stock on the net exercise of
an option to purchase 9,382 shares of common stock. The reporting person forfeited 6,572 shares of common stock underlying the option in
payment of the exercise price, based on the market price of CEVA common stock at the time of the option exercise on November 20, 2015 of
$25.07.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 108 shares of common stock on the net exercise of
an option to purchase 368 shares of common stock. The reporting person forfeited 260 shares of common stock underlying the option in
payment of the exercise price, based on the market price of CEVA common stock at the time of the option exercise on November 23, 2015 of
$25.00.

F3: The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year
thereafter.