CEVA INC — Director's Dealing 2020

Aug 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2020-08-17

Reporting Person: MCMANAMON PETER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-17	Common Stock	M	6760	$30.46	Acquired	17254	Direct
2020-08-17	Common Stock	M	21000	$17.61	Acquired	38254	Direct
2020-08-17	Common Stock	M	21000	$19.36	Acquired	59254	Direct
2020-08-17	Common Stock	M	21000	$14.77	Acquired	80254	Direct
2020-08-17	Common Stock	S	57068	$43.0036	Disposed	23186	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-17	Stock Option (Right to Buy)	$30.46	M	6760	Disposed	2021-06-30	Common Stock (6760)	Direct
2020-08-17	Stock Option (Right to Buy)	$17.61	M	21000	Disposed	2022-06-30	Common Stock (21000)	Direct
2020-08-17	Stock Option (Right to Buy)	$19.36	M	21000	Disposed	2023-06-30	Common Stock (21000)	Direct
2020-08-17	Stock Option (Right to Buy)	$14.77	M	21000	Disposed	2024-06-30	Common Stock (21000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	272085	Indirect

Footnotes

F1: This transaction was executed in multiple trades ranging from $43.00 to $43.11. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth herein.

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

F3: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/12, the first anniversary of the grant date, and 25% each year thereafter.

F4: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/13, the first anniversary of the grant date, and 25% each year thereafter.

F5: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/14, the first anniversary of the grant date, and 25% each year thereafter.

F6: The stock option becomes exercisable as to 25% of the underlying shares on 6/30/15, the first anniversary of the grant date, and 25% each year thereafter.