NVE CORP /NEW/ — Director's Dealing 2003

Jul 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2003-05-30

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

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 may be exercised until 7/25/12; 25% vested & exercisable on issuance; an additional 25% vested & exercisable beginning 7/25/03 & annually thereafter; 100% vested on 7/25/05.