SEC Form 4 · accession 0001209191-17-060953

CEVA INC · CEVA

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

Reporting owner

Eliyahu Ayalon

Director

Period of report

Nov 13, 2017

Accepted (ET)

Nov 15, 2017 · 5:21 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	Nov 13, 2017	M	3,250	$19.36	A	11,586	D
Common Stock	Nov 13, 2017	F	1,368	$46.00	D	10,218	D
Common Stock	Nov 13, 2017	S	1,882	$46.00	D	8,336	D
Common Stock	Nov 13, 2017	M	3,250	$14.77	A	11,586	D
Common Stock	Nov 13, 2017	F	1,044	$46.00	D	10,542	D
Common Stock	Nov 13, 2017	S	2,206	$46.00	D	8,336	D
Common Stock	Nov 13, 2017	M	3,250	$19.43	A	11,586	D
Common Stock	Nov 13, 2017	F	1,373	$46.00	D	10,213	D
Common Stock	Nov 13, 2017	S	1,877	$46.00	D	8,336	D
Common Stock	Nov 13, 2017	S	3,250	$46.00	D	5,086	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,F5	$19.36	Nov 13, 2017	M	3,250	D	—	Jun 30, 2023	Common Stock	3,250	0	D
Stock Option (Right to Buy)^F4,F5	$14.77	Nov 13, 2017	M	3,250	D	—	Jun 30, 2024	Common Stock	3,250	3,250	D
Stock Option (Right to Buy)^F5	$19.43	Nov 13, 2017	M	3,250	D	—	Jul 1, 2025	Common Stock	3,250	3,250	D

Explanation of responses

F1Represents a "net exercise" of outstanding stock options. The reporting person received 1,882 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,368 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 November 13, 2017 of $46.00.
F2Represents a "net exercise" of outstanding stock options. The reporting person received 2,206 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,044 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 November 13, 2017 of $46.00.
F3Represents a "net exercise" of outstanding stock options. The reporting person received 1,877 shares of common stock on the net exercise of an option to purchase 3,250 shares of common stock. The reporting person forfeited 1,373 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 November 13, 2017 of $46.00.
F4The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.
F5The 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.