CEVA INC — Director's Dealing 2021

Feb 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2021-02-22

Reporting Person: SILVER LOUIS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-22	Common Stock	M	13000	$30.46	Acquired	42230	Direct
2021-02-22	Common Stock	F	5636	$73	Disposed	36594	Direct
2021-02-22	Common Stock	S	7364	$73	Disposed	29230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-22	Stock Option (Right to Buy)	$30.46	M	13000	Disposed	2021-06-30	Common Stock (13000)	Direct

Footnotes

F1: Represents a net-exercise of outstanding stock options. The reporting person received 7,364 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,636 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 February 22, 2021 of $73.00.

F2: Represents 23,328 shares outstanding and 5,902 unvested RSU's.

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.