SEC Form 4 · accession 0001209191-15-068773
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Silver
Director
Period of report
Aug 28, 2015
Accepted (ET)
Sep 1, 2015 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001173489
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 28, 2015 | M | 5,500 | $8.68 | A | 12,000 | D | |
| Common StockF1 | Aug 28, 2015 | S | 5,500 | $18.9597 | D | 6,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $8.68 | Aug 28, 2015 | M | 5,500 | D | — | Jun 30, 2016 | Common Stock | 5,500 | 0 | D |
Explanation of responses
- F1The number of shares beneficially owned was reduced to 6,500 shares. On July 30, 2015 the board and all individual directors, including Mr. Silver, mutually agreed to reduce the number of RSUs that were previously granted by the board from 13,000 shares to 6,500 shares without consideration.
- F2The stock option becomes exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.