CEVA INC — Director's Dealing 2016

May 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2016-05-24

Reporting Person: Arieli Yaniv (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-24	Common Stock	M	25000	$8.03	Acquired	55684	Direct
2016-05-24	Common Stock	S	28720	$27.00	Disposed	26964	Direct
2016-05-24	Common Stock	M	16125	$15.54	Acquired	43089	Direct
2016-05-24	Common Stock	D	9113	$27.50	Disposed	33976	Direct
2016-05-24	Common Stock	S	7012	$27.50	Disposed	26964	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-24	Stock Option (Right to Buy)	$8.03	M	25000	Disposed	2016-06-01	Common Stock (25000)	Direct
2016-05-24	Stock Appreciation Right	$15.54	M	16125	Disposed	2019-07-31	Common Stock (16125)	Direct

Footnotes

F1: Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.

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

F3: The Stock Appreciation Rights became exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 1/48th of the underlying shares each month thereafter.