NVE CORP /NEW/ — Director's Dealing 2004

Aug 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2004-08-17

Reporting Person: CYPRESS SEMICONDUCTOR CORP /DE/ (Warrant Holder)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-17	Warrant (Right to Buy)	$37.38	J	2000	Acquired	2014-08-17	Common Stock (2000)	Direct

Footnotes

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

F2: This warrant is fully vested and may be exercised until 08/17/2014.