SEC Form 4 · accession 0001209191-17-034338
CEVA INC · CEVA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis Silver
Director
Period of report
May 18, 2017
Accepted (ET)
May 22, 2017 · 4:49 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 18, 2017 | M | 13,000 | $30.46 | A | 24,132 | D | |
| Common Stock | May 18, 2017 | F | 9,318 | $42.50 | D | 14,814 | D | |
| Common Stock | May 18, 2017 | S | 3,682 | $42.50 | D | 11,132 | D | |
| Common Stock | May 18, 2017 | M | 13,000 | $17.61 | A | 24,132 | D | |
| Common Stock | May 18, 2017 | F | 5,387 | $42.51 | D | 18,745 | D | |
| Common Stock | May 18, 2017 | S | 7,613 | $42.51 | D | 11,132 | 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,F4 | $30.46 | May 18, 2017 | M | 13,000 | D | — | Jun 30, 2021 | Common Stock | 13,000 | 13,000 | D |
| Stock Option (Right to Buy)F3,F4 | $17.61 | May 18, 2017 | M | 13,000 | D | — | Jun 30, 2022 | Common Stock | 13,000 | 13,000 | D |
Explanation of responses
- F1Represents a "net exercise" of outstanding stock options. The reporting person received 3,682 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 9,318 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 May 18, 2017 of $42.50.
- F2Represents a "net exercise" of outstanding stock options. The reporting person received 7,613 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,387 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 May 18, 2017 of $42.51.
- F3The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.
- F4The 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.