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: AYALON ELIYAHU (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-18	Common Stock	S	9214	$67.45	Disposed	8430	Direct
2021-02-18	Common Stock	M	3250	$14.77	Acquired	11680	Direct
2021-02-18	Common Stock	F	674	$67.45	Disposed	11006	Direct
2021-02-18	Common Stock	S	2576	$67.45	Disposed	8430	Direct
2021-02-18	Common Stock	M	3250	$19.43	Acquired	11680	Direct
2021-02-18	Common Stock	F	886	$67.45	Disposed	10794	Direct
2021-02-18	Common Stock	S	2364	$67.45	Disposed	8430	Direct
2021-02-18	Common Stock	M	6500	$27.17	Acquired	14930	Direct
2021-02-18	Common Stock	F	2477	$67.45	Disposed	12453	Direct
2021-02-18	Common Stock	S	4023	$67.45	Disposed	8430	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Stock Option (Right to Buy)	$14.77	M	13000	Disposed	2024-06-30	Common Stock (13000)	Direct
2021-02-18	Stock Option (Right to Buy)	$19.43	M	6500	Disposed	2025-07-01	Common Stock (6500)	Direct
2021-02-18	Stock Option (Right to Buy)	$27.17	M	6500	Disposed	2026-07-01	Common Stock (6500)	Direct

Footnotes

F1: Represents a net exercise of outstanding stock options. The reporting person received 2,576 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 674 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 $67.45.

F2: Represents a net-exercise of outstanding stock options. The reporting person received 2,364 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 886 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 $67.45.

F3: Represents a net-exercise of outstanding stock options. The reporting person received 4,023 shares of common stock on the net exercise of an option to purchase 6,500 shares of common stock. The reporting person forfeited 2,477 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 $67.45.

F4: Represents 2,528 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.