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: LIMON ZVI (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-19	Common Stock	M	13000	$30.46	Acquired	37144	Direct
2021-02-19	Common Stock	F	5578	$71.41	Disposed	31566	Direct
2021-02-19	Common Stock	S	7422	$71.41	Disposed	24144	Direct
2021-02-19	Common Stock	M	6500	$17.61	Acquired	30644	Direct
2021-02-19	Common Stock	F	1590	$72	Disposed	29054	Direct
2021-02-19	Common Stock	S	4910	$72	Disposed	24144	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Stock Option (Right to Buy)	$30.46	M	13000	Disposed	2021-06-30	Common Stock (13000)	Direct
2021-02-19	Stock Option (Right to Buy)	$17.61	M	26000	Disposed	2022-06-30	Common Stock (26000)	Direct

Footnotes

F1: Represents a net-exercise of outstanding stock options. The reporting person received 7,422 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,578 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 $71.41.

F2: Represents a net-exercise of outstanding stock options. The reporting person received 4,910 shares of common stock on the net exercise of an option to purchase 6,500 shares of common stock. The reporting person forfeited 1,590 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 $72.00.

F3: Represents 18,242 shares outstanding and 5,902 unvested RSU's.

F4: The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.

F5: 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.