SEC Form 4 · accession 0001209191-16-136390
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
Aug 8, 2016
Accepted (ET)
Aug 10, 2016 · 5:48 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 | Aug 8, 2016 | M | 40,000 | $24.17 | A | 99,360 | D | |
| Common Stock | Aug 8, 2016 | S | 40,000 | $31.40 | D | 59,360 | D | |
| Common Stock | Aug 8, 2016 | M | 3,750 | $15.54 | A | 63,110 | D | |
| Common Stock | Aug 8, 2016 | D | 1,836 | $31.53 | D | 61,274 | D | |
| Common Stock | Aug 8, 2016 | S | 1,914 | $31.53 | D | 59,360 | D | |
| Common Stock | Aug 8, 2016 | M | 2,917 | $16.20 | A | 62,277 | D | |
| Common Stock | Aug 8, 2016 | D | 1,489 | $31.53 | D | 60,788 | D | |
| Common Stock | Aug 8, 2016 | S | 1,428 | $31.53 | D | 59,360 | 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 | $24.17 | Aug 8, 2016 | M | 40,000 | D | Jan 31, 2012 | Jan 31, 2018 | Common Stock | 40,000 | 20,000 | D |
| Stock Appreciation RightF3 | $15.54 | Aug 8, 2016 | M | 3,750 | D | — | Jul 31, 2019 | Common Stock | 3,750 | 0 | D |
| Stock Appreciation RightF3 | $16.20 | Aug 8, 2016 | M | 2,917 | D | — | Jun 11, 2020 | Common Stock | 2,917 | 16,042 | D |
Explanation of responses
- F1Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.
- F2The stock option became exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 1/48th each month thereafter.
- 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.