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: WERTHEIZER GIDEON (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-24	Common Stock	M	7500	$15.54	Acquired	66821	Direct
2016-05-24	Common Stock	D	4345	$27.38	Disposed	62476	Direct
2016-05-24	Common Stock	S	3155	$27.38	Disposed	59321	Direct
2016-05-24	Common Stock	M	10208	$16.20	Acquired	69529	Direct
2016-05-24	Common Stock	D	6164	$27.51	Disposed	63365	Direct
2016-05-24	Common Stock	S	4044	$27.51	Disposed	59321	Direct
2016-05-24	Common Stock	S	216	$27.46	Disposed	59105	Direct
2016-05-24	Common Stock	S	1269	$27.37	Disposed	57836	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-24	Stock Appreciation Right	$15.54	M	7500	Disposed	2019-07-31	Common Stock (7500)	Direct
2016-05-24	Stock Appreciation Right	$16.20	M	10208	Disposed	2020-06-11	Common Stock (10208)	Direct

Footnotes

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

F2: The Stock Appreciation Rights became exercisable as to 25% of the underlying shares on the first anniversary of the grant date and 1/48th of underlying shares each month thereafter.