CEVA INC — Director's Dealing 2015

Sep 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2015-08-28

Reporting Person: SILVER LOUIS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-28	Common Stock	M	5500	$8.68	Acquired	12000	Direct
2015-08-28	Common Stock	S	5500	$18.9597	Disposed	6500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-28	Stock Option (Right to Buy)	$8.68	M	5500	Disposed	2016-06-30	Common Stock (5500)	Direct

Footnotes

F1: The number of shares beneficially owned was reduced to 6,500 shares. On July 30, 2015 the board and all individual directors, including Mr. Silver, mutually agreed to reduce the number of RSUs that were previously granted by the board from 13,000 shares to 6,500 shares without consideration.

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.