NVE CORP /NEW/ — Director's Dealing 2005

Jan 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NVE CORP /NEW/ (NVEC)
CIK: 0000724910
Period of Report: 2005-01-03

Reporting Person: BAKER DANIEL A (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-03	Common Stock	P	952	$23.67	Acquired	8837	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option	$6.578	2011-01-29	Common Stock (70000)	70000	Direct
Incentive Stock Option	$29.65	2014-05-07	Common Stock (35000)	105000	Direct

Footnotes

F1: Voluntary reporting of shares acquired through NVE Corp.'s Rule 16b-3(b)(5) employer-sponsored stock purchase plan.

F2: Vesting in three equal annual installments with the first installment vesting May 7, 2005.