CEVA INC — Director's Dealing 2017

May 25, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2017-05-23

Reporting Person: NILSSON SVEN CHRISTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-23	Common Stock	M	13000	$12.60	Acquired	24132	Direct
2017-05-23	Common Stock	F	3828	$42.38	Disposed	20304	Direct
2017-05-23	Common Stock	S	9172	$42.38	Disposed	11132	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-23	Stock Option (Right to Buy)	$12.60	M	13000	Disposed	2017-06-30	Common Stock (13000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 9,172 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 3,828 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 May 23, 2017 of $42.38.

F2: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.

F3: 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.