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Director's Dealing 2003

Jun 18, 2003

Director's Dealing

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Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2003-06-16

Reporting Person: DR DAUGHTON JAMES (Director, Chief Technology Officer, 10% Owner)

F1: Bona fide gift with no consideration.

F2: Vesting schedule over three years; 25% vested on date of grant with an additional 25% vesting on each of 7/26/02, 7/26/03, and 7/26/04.