NVE CORP /NEW/ — Director's Dealing 2003

Aug 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2003-08-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-21	Common Stock	S	13000	$20.61	Disposed	336800	Direct
2003-08-22	Common Stock	S	55000	$24.08	Disposed	281800	Direct
2003-08-25	Common Stock	S	65000	$21.67	Disposed	216800	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: Includes shares owned jointly by Dr. Daughton and his spouse.

F2: Vesting in four equal installments with the first installment vesting 07/26/2001.