CEVA INC — Director's Dealing 2017

Nov 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2017-11-20

Reporting Person: NILSSON SVEN CHRISTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-20	Common Stock	M	13000	$30.46	Acquired	28282	Direct
2017-11-20	Common Stock	F	8328	$47.50	Disposed	19954	Direct
2017-11-20	Common Stock	S	4672	$47.50	Disposed	15282	Direct
2017-11-20	Common Stock	M	13000	$17.61	Acquired	28282	Direct
2017-11-20	Common Stock	F	4815	$47.50	Disposed	23467	Direct
2017-11-20	Common Stock	S	8185	$47.50	Disposed	15282	Direct
2017-11-20	Common Stock	M	13000	$19.36	Acquired	28282	Direct
2017-11-20	Common Stock	F	5293	$47.50	Disposed	22989	Direct
2017-11-20	Common Stock	S	7707	$47.50	Disposed	15282	Direct
2017-11-20	Common Stock	M	9750	$14.77	Acquired	25032	Direct
2017-11-20	Common Stock	F	3029	$47.50	Disposed	22003	Direct
2017-11-20	Common Stock	S	6721	$47.50	Disposed	15282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-20	Stock Option (Right to Buy)	$30.46	M	13000	Disposed	2021-06-30	Common Stock (13000)	Direct
2017-11-20	Stock Option (Right to Buy)	$17.61	M	13000	Disposed	2022-06-30	Common Stock (13000)	Direct
2017-11-20	Stock Option (Right to Buy)	$19.36	M	13000	Disposed	2023-06-30	Common Stock (13000)	Direct
2017-11-20	Stock Option (Right to Buy)	$14.77	M	9750	Disposed	2024-06-30	Common Stock (9750)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 4,672 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 8,328 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, 2017 of $47.50.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 8,185 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 4,815 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, 2017 of $47.50.

F3: Represents a "net exercise" of outstanding stock options. The reporting person received 7,707 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,293 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, 2017 of $47.50.

F4: Represents a "net exercise" of outstanding stock options. The reporting person received 6,721 shares of common stock on the net exercise of an option to purchase 9,750 shares of common stock. The reporting person forfeited 3,029 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, 2017 of $47.50.

F5: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.

F6: The stock option became exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.