SEC Form 4 · accession 0001209191-17-032043
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 10, 2017
Accepted (ET)
May 12, 2017 · 4:58 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 10, 2017 | M | 2,900 | $24.17 | A | 85,388 | D | |
| Common Stock | May 10, 2017 | M | 1,753 | $16.20 | A | 87,141 | D | |
| Common Stock | May 10, 2017 | D | 651 | $43.21 | D | 86,490 | D | |
| Common StockF1,F2 | May 10, 2017 | S | 5,837 | $43.3082 | D | 80,653 | D | |
| Common Stock | May 11, 2017 | M | 17,100 | $24.17 | A | 97,753 | D | |
| Common Stock | May 11, 2017 | M | 11,372 | $16.20 | A | 109,125 | D | |
| Common Stock | May 11, 2017 | D | 4,305 | $42.3334 | D | 104,820 | D | |
| Common StockF3,F2 | May 11, 2017 | S | 24,495 | $42.3068 | D | 80,325 | 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)F4 | $24.17 | May 10, 2017 | M | 2,900 | D | Jan 31, 2012 | Jan 31, 2018 | Common Stock | 2,900 | 17,100 | D |
| Stock Appreciation RightF5 | $16.20 | May 10, 2017 | M | 1,753 | D | — | Jun 11, 2020 | Common Stock | 1,753 | 14,289 | D |
| Stock Option (Right to Buy)F4 | $24.17 | May 11, 2017 | M | 17,100 | D | Jan 31, 2012 | Jan 31, 2018 | Common Stock | 17,100 | 0 | D |
| Stock Appreciation RightF5 | $16.20 | May 11, 2017 | M | 11,372 | D | — | Jun 11, 2020 | Common Stock | 11,372 | 2,917 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.50, 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.
- F2Includes shares that were acquired under the CEVA, Inc. 2002 Employee Stock Purchase Plan.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.25 to $42.3334, 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.
- F4The stock option 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.
- F5The 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.