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: 2021-02-18

Reporting Person: Marced Maria (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-18	Common Stock	M	647	$30.60	Acquired	11141	Direct
2021-02-18	Common Stock	F	278	$70	Disposed	10863	Direct
2021-02-18	Common Stock	S	369	$70	Disposed	10494	Direct
2021-02-19	Common Stock	M	37353	$30.60	Acquired	47847	Direct
2021-02-19	Common Stock	F	16329	$70	Disposed	31518	Direct
2021-02-19	Common Stock	S	21024	$70	Disposed	10494	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-19	Stock Option (Right to Buy)	$30.60	M	38000	Disposed	2026-12-08	Common Stock (38000)	Direct

Footnotes

F1: Represents a net-exercise of outstanding stock options. The reporting person received 369 shares of common stock on the net exercise of an option to purchase 647 shares of common stock. The reporting person forfeited 278 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 18, 2021 of $70.00

F2: Represents a net-exercise of outstanding stock options. The reporting person received 21,024 shares of common stock on the net exercise of an option to purchase 37,353 shares of common stock. The reporting person forfeited 16,329 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 4,592 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.