CEVA INC — Director's Dealing 2015

Nov 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2015-11-06

Reporting Person: MANN BRUCE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-06	Common Stock	M	26000	$5.76	Acquired	32500	Direct
2015-11-06	Common Stock	F	6015	$24.90	Disposed	26485	Direct
2015-11-06	Common Stock	S	19985	$24.90	Disposed	6500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-06	Stock Option (Right to Buy)	$5.76	M	26000	Disposed	2016-06-30	Common Stock (26000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 19,985 shares of common stock on the net exercise of an option to purchase 26,000 shares of common stock. The reporting person forfeited 6,015 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 6, 2015 of $24.90.

F2: 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.