CEVA INC — Director's Dealing 2021

Feb 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CEVA INC (CEVA)
CIK: 0001173489
Period of Report: 2021-02-19

Reporting Person: NILSSON SVEN CHRISTER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	M	3250	$14.77	Acquired	31090	Direct
2021-02-19	Common Stock	F	686	$70	Disposed	30404	Direct
2021-02-19	Common Stock	S	2564	$70	Disposed	27840	Direct
2021-02-19	Common Stock	M	13000	$19.43	Acquired	40840	Direct
2021-02-19	Common Stock	F	3609	$70	Disposed	37231	Direct
2021-02-19	Common Stock	S	9391	$70	Disposed	27840	Direct
2021-02-19	Common Stock	M	13000	$27.17	Acquired	40840	Direct
2021-02-19	Common Stock	F	5046	$70.01	Disposed	35794	Direct
2021-02-19	Common Stock	S	7954	$70.01	Disposed	27840	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Stock Option (Right to Buy)	$14.77	M	3250	Disposed	2024-06-30	Common Stock (13000)	Direct
2021-02-19	Stock Option (Right to Buy)	$19.43	M	13000	Disposed	2025-07-01	Common Stock (13000)	Direct
2021-02-19	Stock Option (Right to Buy)	$27.17	M	13000	Disposed	2026-07-01	Common Stock (13000)	Direct

Footnotes

F1: Represents a net-exercise of outstanding stock options. The reporting person received 2,564 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 686 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 19, 2021 of $70.00.

F2: Represents a net-exercise of outstanding stock options. The reporting person received 9,391 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 3,609 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 19, 2021 of $70.00.

F3: Represents a net-exercise of outstanding stock options. The reporting person received 7,954 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,046 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 19, 2021 of $70.01.

F4: Represents 21,938 shares outstanding and 5,902 unvested RSU's.

F5: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.

F6: 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.