LIMON ZVI 4
4 · CEVA INC · Filed Feb 24, 2021
Insider Transaction Report
Form 4
CEVA INCCEVA
LIMON ZVI
Director
Transactions
- Exercise/Conversion
Common Stock
2021-02-22$19.43/sh+13,000$252,590→ 21,430 total - Tax Payment
Common Stock
2021-02-22$72.63/sh−3,484$253,043→ 17,946 total - Tax Payment
Common Stock
2021-02-22$72.98/sh−2,436$177,779→ 12,494 total - Exercise/Conversion
Stock Option (Right to Buy)
2021-02-22−13,000→ 0 totalExercise: $19.43Exp: 2025-07-01→ Common Stock (13,000 underlying) - Sale
Common Stock
2021-02-22$72.16/sh−15,714$1,133,922→ 8,430 total - Sale
Common Stock
2021-02-22$72.63/sh−9,516$691,147→ 8,430 total - Exercise/Conversion
Common Stock
2021-02-22$27.17/sh+6,500$176,605→ 14,930 total - Sale
Common Stock
2021-02-22$72.98/sh−4,064$296,591→ 8,430 total - Exercise/Conversion
Stock Option (Right to Buy)
2021-02-22−6,500→ 0 totalExercise: $27.17Exp: 2026-07-01→ Common Stock (6,500 underlying)
Footnotes (6)
- [F1]This transaction was executed in multiple trades ranging from $71.86 to $72.36. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F2]Represents a net-exercise of outstanding stock options. The reporting person received 9,516 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 3,484 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 22, 2021 of $72.63.
- [F3]Represents a net-exercise of outstanding stock options. The reporting person received 4,064 shares of common stock on the net exercise of an option to purchase 6,500 shares of common stock. The reporting person forfeited 2,436 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 22, 2021 of $72.98.
- [F4]Represents 2,528 shares outstanding and 5,902 unvested RSU's.
- [F5]The stock option was granted pursuant to the company's 2003 Director Stock Option Plan.
- [F6]The 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.