-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ORfVr+9oNoWPSdmM2prjSeujj15z+l9zQ/PPbVsmUGpsfnVccXwe0xdtcXTS4pNA
 dDNlEmjZiDG6I6JbC3uGng==

<SEC-DOCUMENT>0001005477-03-001382.txt : 20030519
<SEC-HEADER>0001005477-03-001382.hdr.sgml : 20030519
<ACCEPTANCE-DATETIME>20030519162628
ACCESSION NUMBER:		0001005477-03-001382
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030516
FILED AS OF DATE:		20030519

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEPARULO PETER V
		CENTRAL INDEX KEY:			0001201621

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-31659
		FILM NUMBER:		03710697

	BUSINESS ADDRESS:	
		STREET 1:		9255 TOWNE CENTRE DRIVE
		STREET 2:		SUITE 225
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVATEL WIRELESS INC
		CENTRAL INDEX KEY:			0001022652
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				860824673
		STATE OF INCORPORATION:			DE

	BUSINESS ADDRESS:	
		STREET 1:		9255 TOWNE CENTRE DR
		STREET 2:		SUITE 225
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
		BUSINESS PHONE:		8583208800

	MAIL ADDRESS:	
		STREET 1:		9255 TOWNE CENTRE DR
		STREET 2:		SUITE 225
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92121
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-05-16</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001022652</issuerCik>
        <issuerName>NOVATEL WIRELESS INC</issuerName>
        <issuerTradingSymbol>NVTL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
            <rptOwnerCik>0001201621</rptOwnerCik>
            <rptOwnerName>LEPARULO PETER V</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>Chief Executive Officer</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeSecurity>
        <securityTitle>
            <value>Series B Convertible Preferred Stock, par value $0.001/share</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>0.70</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-05-14</value>
        </transactionDate>
        <deemedExecutionDate>
            <value>2003-05-14</value>
        </deemedExecutionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>J</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>50</value>
                <footnoteId id="F1"/>
            </transactionShares>
            <transactionValue>
                <value>1000</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>2003-05-14</value>
        </exerciseDate>
        <expirationDate>
            <value>2010-05-14</value>
            <footnoteId id="F2"/>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>71310</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>50</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <derivativeSecurity>
        <securityTitle>
            <value>Warrants (Right to Buy)</value>
        </securityTitle>
        <conversionOrExercisePrice>
            <value>0.70</value>
        </conversionOrExercisePrice>
        <transactionDate>
            <value>2003-05-14</value>
        </transactionDate>
        <deemedExecutionDate>
            <value>2003-05-14</value>
        </deemedExecutionDate>
    <transactionCoding>
        <transactionFormType>4</transactionFormType>
        <transactionCode>J</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>20104</value>
            </transactionShares>
            <transactionValue>
                <value>0</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <exerciseDate>
            <value>2003-09-12</value>
        </exerciseDate>
        <expirationDate>
            <value>2008-03-12</value>
        </expirationDate>
        <underlyingSecurity>
            <underlyingSecurityTitle>
                <value>Common Stock</value>
            </underlyingSecurityTitle>
            <underlyingSecurityShares>
                <value>20104</value>
            </underlyingSecurityShares>
        </underlyingSecurity>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>20161</value>
                <footnoteId id="F3"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </derivativeSecurity>

    <footnotes>
        <footnote id="F1">On May 14, 2003, Mr. Leparulo acquired 27 shares of the Company's Series B Convertible Preferred Stock ("Series B Stock") and secured subordinated convertible notes in original principal amount of $23,000.  These notes are convertible into 23 shares of Series B Stock.  In connection with this transaction, Mr. Leparulo also received warrants to purchase an aggregate of 20,104 shares of common stock at an exercise price of $0.70 per share including warrants issued March 12, 2003.  The warrants are not exercisable until September 12, 2003. The rights, preferences and privileges of these securities, including certain limitations on conversion and exercise, are set forth more fully in the Company's Proxy Statement filed on April 15, 2003 with the Securities and Exchange Commission.</footnote>
        <footnote id="F2">Information created to satisfy SEC form input requirements. The Series B Stock has no expiration date.</footnote>
        <footnote id="F3">Mr. Leparulo also holds options to purchase 839,355 shares of common stock and 1,103 shares of common stock as previously reported pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Patrick T. Waters, Attorney-in-Fact</signatureName>
        <signatureDate>2003-05-19</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----