SEC Form 4 · accession 0001209191-16-131005
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eliyahu Ayalon
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 5, 2016 · 4:24 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,F2 | Jul 1, 2016 | A | 2,316 | $0.00 | A | 5,566 | 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)F3 | $27.17 | Jul 1, 2016 | A | 6,500 | A | — | Jul 1, 2026 | Common Stock | 6,500 | 6,500 | D |
Explanation of responses
- F1Represents restricted stock units that were granted pursuant to the company's 2011 Stock Incentive Plan.
- F2Each Restricted Stock Unit represents the contingent right to receive one share of CEVA common stock upon vesting of the unit. 100% of the RSU's granted will vest on 1st July 2017.
- F3The 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.