SEC Form 4 · accession 0001209191-16-123750
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gideon Wertheizer
Officer — Chief Executive Officer · Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 5:44 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 24, 2016 | M | 7,500 | $15.54 | A | 66,821 | D | |
| Common Stock | May 24, 2016 | D | 4,345 | $27.38 | D | 62,476 | D | |
| Common Stock | May 24, 2016 | S | 3,155 | $27.38 | D | 59,321 | D | |
| Common Stock | May 24, 2016 | M | 10,208 | $16.20 | A | 69,529 | D | |
| Common Stock | May 24, 2016 | D | 6,164 | $27.51 | D | 63,365 | D | |
| Common Stock | May 24, 2016 | S | 4,044 | $27.51 | D | 59,321 | D | |
| Common StockF1 | May 24, 2016 | S | 216 | $27.46 | D | 59,105 | D | |
| Common StockF1 | May 24, 2016 | S | 1,269 | $27.37 | D | 57,836 | 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 RightF2 | $15.54 | May 24, 2016 | M | 7,500 | D | — | Jul 31, 2019 | Common Stock | 7,500 | 3,750 | D |
| Stock Appreciation RightF2 | $16.20 | May 24, 2016 | M | 10,208 | D | — | Jun 11, 2020 | Common Stock | 10,208 | 18,959 | D |
Explanation of responses
- F1Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.
- F2The 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.