SEC Form 4 · accession 0001209191-15-079434
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Mann
Director
Period of report
Nov 6, 2015
Accepted (ET)
Nov 10, 2015 · 7:34 pm EST
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 | Nov 6, 2015 | M | 26,000 | $5.76 | A | 32,500 | D | |
| Common Stock | Nov 6, 2015 | F | 6,015 | $24.90 | D | 26,485 | D | |
| Common Stock | Nov 6, 2015 | S | 19,985 | $24.90 | 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 | $5.76 | Nov 6, 2015 | M | 26,000 | D | — | Jun 30, 2016 | Common Stock | 26,000 | 0 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 19,985 shares of common stock on the net exercise of an option to purchase 26,000 shares of common stock. The reporting person forfeited 6,015 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 November 6, 2015 of $24.90.
- 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.