CEVA INC — Director's Dealing 2017

May 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2017-05-08

Reporting Person: OHANA ISSACHAR (EVP Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-08	Common Stock	M	729	$16.20	Acquired	35822	Direct
2017-05-08	Common Stock	D	289	$41.01	Disposed	35533	Direct
2017-05-08	Common Stock	S	440	$41.01	Disposed	35093	Direct
2017-05-09	Common Stock	S	4921	$41.917	Disposed	30172	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-08	Stock Appreciation Right	$16.20	M	729	Disposed	2020-06-11	Common Stock (729)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.60 to $42.00, inclusive. The reporting person undertakes to provide to CEVA, Inc., any security holder of CEVA, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.

F2: Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.

F3: 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.