NVE CORP /NEW/ — Director's Dealing 2003

Aug 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (nvec)
CIK: 0000724910
Period of Report: 2003-08-07

Reporting Person: CYPRESS SEMICONDUCTOR CORP /DE/ (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-07	Warrant (Right to Buy)	$21.99	J	2000	Acquired		Common Stock (2000)	Direct

Footnotes

F1: Warrant was granted in connection with cancellation of stock option held by Jeffrey K. Kaszubinski, an employee of Cypress Semiconductor Corp.

F2: This warrant is fully vested and may be exercised until 08/07/2013.