SEC Form 4 · accession 0001209191-16-118278
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Zvi Limon
Director
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 7:54 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 | May 4, 2016 | M | 19,500 | $17.61 | A | 19,500 | D | |
| Common Stock | May 4, 2016 | F | 12,862 | $26.16 | D | 6,638 | D | |
| Common Stock | May 4, 2016 | S | 6,638 | $26.16 | D | 0 | 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 | $17.61 | May 4, 2016 | M | 19,500 | D | — | Jun 30, 2022 | Common Stock | 19,500 | 6,500 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 6,638 shares of common stock on the net exercise of an option to purchase 19,500 shares of common stock. The reporting person forfeited 12,862 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 May 4, 2016 of $26.16.
- 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.