SEC Form 4 · accession 0001209191-17-062322

CEVA INC · CEVA

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

Reporting owner

Sven Christer Nilsson

Director

Period of report

Nov 20, 2017

Accepted (ET)

Nov 22, 2017 · 4:06 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 20, 2017	M	13,000	$30.46	A	28,282	D
Common Stock	Nov 20, 2017	F	8,328	$47.50	D	19,954	D
Common Stock	Nov 20, 2017	S	4,672	$47.50	D	15,282	D
Common Stock	Nov 20, 2017	M	13,000	$17.61	A	28,282	D
Common Stock	Nov 20, 2017	F	4,815	$47.50	D	23,467	D
Common Stock	Nov 20, 2017	S	8,185	$47.50	D	15,282	D
Common Stock	Nov 20, 2017	M	13,000	$19.36	A	28,282	D
Common Stock	Nov 20, 2017	F	5,293	$47.50	D	22,989	D
Common Stock	Nov 20, 2017	S	7,707	$47.50	D	15,282	D
Common Stock	Nov 20, 2017	M	9,750	$14.77	A	25,032	D
Common Stock	Nov 20, 2017	F	3,029	$47.50	D	22,003	D
Common Stock	Nov 20, 2017	S	6,721	$47.50	D	15,282	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	Nov 20, 2017	M	13,000	D	—	Jun 30, 2021	Common Stock	13,000	0	D
Stock Option (Right to Buy)^F5,F6	$17.61	Nov 20, 2017	M	13,000	D	—	Jun 30, 2022	Common Stock	13,000	0	D
Stock Option (Right to Buy)^F5,F6	$19.36	Nov 20, 2017	M	13,000	D	—	Jun 30, 2023	Common Stock	13,000	0	D
Stock Option (Right to Buy)^F6	$14.77	Nov 20, 2017	M	9,750	D	—	Jun 30, 2024	Common Stock	9,750	3,250	D

Explanation of responses

F1Represents a "net exercise" of outstanding stock options. The reporting person received 4,672 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 8,328 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 20, 2017 of $47.50.
F2Represents a "net exercise" of outstanding stock options. The reporting person received 8,185 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 4,815 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 20, 2017 of $47.50.
F3Represents a "net exercise" of outstanding stock options. The reporting person received 7,707 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 5,293 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 20, 2017 of $47.50.
F4Represents a "net exercise" of outstanding stock options. The reporting person received 6,721 shares of common stock on the net exercise of an option to purchase 9,750 shares of common stock. The reporting person forfeited 3,029 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 20, 2017 of $47.50.
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.