SEC Form 4 · accession 0001209191-17-009996

CEVA INC · CEVA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Eliyahu Ayalon

Director

Period of report

Feb 9, 2017

Accepted (ET)

Feb 13, 2017 · 4:29 pm EST

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
Common Stock	Feb 9, 2017	M	13,000	$30.46	A	18,566	D
Common Stock	Feb 9, 2017	F	11,250	$35.00	D	7,316	D
Common Stock	Feb 9, 2017	S	1,750	$35.00	D	5,566	D
Common Stock	Feb 9, 2017	M	3,250	$17.61	A	8,816	D
Common Stock	Feb 9, 2017	F	1,626	$35.00	D	7,190	D
Common Stock	Feb 9, 2017	S	1,624	$35.00	D	5,566	D
Common Stock	Feb 9, 2017	M	9,750	$19.36	A	15,316	D
Common Stock	Feb 9, 2017	F	5,363	$35.00	D	9,953	D
Common Stock	Feb 9, 2017	S	4,387	$35.00	D	5,566	D
Common Stock	Feb 9, 2017	M	6,500	$14.77	A	12,066	D
Common Stock	Feb 9, 2017	F	2,728	$35.00	D	9,338	D
Common Stock	Feb 9, 2017	S	3,772	$35.00	D	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)^F5,F6	$30.46	Feb 9, 2017	M	13,000	D	—	Jun 30, 2021	Common Stock	13,000	0	D
Stock Option (Right to Buy)^F5,F6	$17.61	Feb 9, 2017	M	3,250	D	—	Jun 30, 2022	Common Stock	3,250	0	D
Stock Option (Right to Buy)^F5,F6	$19.36	Feb 9, 2017	M	9,750	D	—	Jun 30, 2023	Common Stock	9,750	3,250	D
Stock Option (Right to Buy)^F5,F6	$14.77	Feb 9, 2017	M	6,500	D	—	Jun 30, 2024	Common Stock	6,500	6,500	D

Explanation of responses

F1Represents a "net exercise" of outstanding stock options. The reporting person received 1,750 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 11,250 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 February 9, 2017 of $35.00.
F2Represents a "net exercise" of outstanding stock options. The reporting person received 1,624 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,626 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 February 9, 2017 of $35.00.
F3Represents a "net exercise" of outstanding stock options. The reporting person received 4,387 shares of common stock on the net exercise of an option to purchase 9,750 shares of common stock. The reporting person forfeited 5,363 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 February 9, 2017 of $35.00.
F4Represents a "net exercise" of outstanding stock options. The reporting person received 3,772 shares of common stock on the net exercise of an option to purchase 6,500 shares of common stock. The reporting person forfeited 2,728 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 February 9, 2017 of $35.00.
F5The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.
F6The stock option became exercisable as to 25% of the underlying shares on the first year anniversary of the grant date and 25% each year thereafter.