SEC Form 4 · accession 0001209191-16-119159
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Issachar Ohana
Officer — EVP Worldwide Sales
Period of report
May 4, 2016
Accepted (ET)
May 11, 2016 · 4:45 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 StockF1 | May 4, 2016 | S | 1,849 | $26.34 | D | 29,447 | D | |
| Common StockF2,F1 | May 9, 2016 | S | 2,131 | $26.7048 | D | 27,316 | D | |
| Common Stock | May 9, 2016 | M | 28,125 | $15.54 | A | 55,441 | D | |
| Common Stock | May 9, 2016 | D | 16,556 | $26.46 | D | 38,885 | D | |
| Common Stock | May 9, 2016 | S | 11,569 | $26.46 | D | 27,316 | D | |
| Common Stock | May 9, 2016 | M | 24,791 | $16.20 | A | 52,107 | D | |
| Common Stock | May 9, 2016 | D | 15,020 | $26.74 | D | 37,087 | D | |
| Common Stock | May 9, 2016 | S | 9,771 | $26.74 | D | 27,316 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $15.54 | May 9, 2016 | M | 28,125 | D | — | Jul 31, 2019 | Common Stock | 28,125 | 1,875 | D |
| Stock Appreciation RightF3 | $16.20 | May 9, 2016 | M | 24,791 | D | — | Jun 11, 2020 | Common Stock | 24,791 | 10,209 | D |
Explanation of responses
- F1Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.70 to $26.71, inclusive. The reporting person undertakes to provide to CEVA, Inc., any security holder of CEVA, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes to this Form 4.
- F3The Stock Appreciation Rights became exercisable as to 25% of the underlying shares on the first anniversary of the grant date and 1/48th of underlying shares each month thereafter.