CEVA INC — Director's Dealing 2017

Nov 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2017-11-13

Reporting Person: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-13	Common Stock	M	3250	$19.36	Acquired	11586	Direct
2017-11-13	Common Stock	F	1368	$46.00	Disposed	10218	Direct
2017-11-13	Common Stock	S	1882	$46.00	Disposed	8336	Direct
2017-11-13	Common Stock	M	3250	$14.77	Acquired	11586	Direct
2017-11-13	Common Stock	F	1044	$46.00	Disposed	10542	Direct
2017-11-13	Common Stock	S	2206	$46.00	Disposed	8336	Direct
2017-11-13	Common Stock	M	3250	$19.43	Acquired	11586	Direct
2017-11-13	Common Stock	F	1373	$46.00	Disposed	10213	Direct
2017-11-13	Common Stock	S	1877	$46.00	Disposed	8336	Direct
2017-11-13	Common Stock	S	3250	$46.00	Disposed	5086	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-13	Stock Option (Right to Buy)	$19.36	M	3250	Disposed	2023-06-30	Common Stock (3250)	Direct
2017-11-13	Stock Option (Right to Buy)	$14.77	M	3250	Disposed	2024-06-30	Common Stock (3250)	Direct
2017-11-13	Stock Option (Right to Buy)	$19.43	M	3250	Disposed	2025-07-01	Common Stock (3250)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 1,882 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,368 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 13, 2017 of $46.00.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 2,206 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,044 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 13, 2017 of $46.00.

F3: Represents a "net exercise" of outstanding stock options. The reporting person received 1,877 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,373 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 13, 2017 of $46.00.

F4: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.

F5: 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.