AI assistant
CEVA INC — Director's Dealing 2017
May 22, 2017
32631_dirs_2017-05-22_609f327c-3547-4cc1-b6f7-55b0f3894107.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2017-05-18
Reporting Person: SILVER LOUIS (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-18 | Common Stock | M | 13000 | $30.46 | Acquired | 24132 | Direct |
| 2017-05-18 | Common Stock | F | 9318 | $42.50 | Disposed | 14814 | Direct |
| 2017-05-18 | Common Stock | S | 3682 | $42.50 | Disposed | 11132 | Direct |
| 2017-05-18 | Common Stock | M | 13000 | $17.61 | Acquired | 24132 | Direct |
| 2017-05-18 | Common Stock | F | 5387 | $42.51 | Disposed | 18745 | Direct |
| 2017-05-18 | Common Stock | S | 7613 | $42.51 | Disposed | 11132 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-18 | Stock Option (Right to Buy) | $30.46 | M | 13000 | Disposed | 2021-06-30 | Common Stock (13000) | Direct |
| 2017-05-18 | Stock Option (Right to Buy) | $17.61 | M | 13000 | Disposed | 2022-06-30 | Common Stock (13000) | Direct |
Footnotes
F1: Represents a "net exercise" of outstanding stock options. The reporting person received 3,682 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 9,318 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 18, 2017 of $42.50.
F2: Represents a "net exercise" of outstanding stock options. The reporting person received 7,613 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,387 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 18, 2017 of $42.51.
F3: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.
F4: 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.