NVE CORP /NEW/ — Director's Dealing 2003

Dec 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2003-12-03

Reporting Person: DR DAUGHTON JAMES (Director, Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-03	Common Stock	G	120000	—	Disposed	96200	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$0.857	2005-01-01	Common Stock (35000)	35000	Direct
Incentive Stock Option	$6.085	2011-07-26	Common Stock (22600)	57600	Direct

Footnotes

F1: Gift of shares to The Daughton Charitable Remainder Trust, for which Dr. Daughton disclaims beneficial ownership.

F2: Includes shares owned jointly by Dr. Daughton and his spouse.

F3: Vesting in four installments with the first installment vested 7/26/2001.