4 1 jdf4-1202.txt FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person Daughton, James Michael 18687 Melrose Chase Eden Prairie, MN 55347 2. Issuer Name and Ticker or Trading Symbol NVE Corporation (NVCR) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 12/11/02 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chief Technology Officer 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 2A. Deemed 3.Trans- 4. Securities Acquired(A) 5. Amount of 6. 7. Nature of action Execution action or Disposed of (D) Securities Indirect Date Date, if Code Beneficially D Beneficial (Month/ any (Month/ A Owned Following or Ownership Day/Year) Day/Year) or Reported I Amount D Price Transaction(s) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 1,000 D * Common Stock 12/11/02 G 1,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock 12/11/02 G 2,000 D * Common Stock (Total) 12/11/02 G 18,000 D * 474,000 D *Bona fide gift with no consideration. Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conversion 3.Trans- 3A.Deemed 4.Trans- 5. Number of Derivative 6. Date Exercisable and Security or Exercise action Execution action Securities Acquired (A) Expiration Date Price of Date Date, if Code or Disposed of (D) (Month/Day/Year) Derivative (Month/ any Security Day/Year) A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option $0.857 1/01/98 1/01/03 1/01/05 Incentive Stock Option $6.05 7/26/11 * 7/26/11 Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1, 3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 3. Trans- 7. Title and Amount 8. Price 9. Number of 10. 11. Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Security Beneficially or Ownership Amount or Owned Following I - Number of Reported Title Shares Transaction(s) ------------------------------------------------------------------------------------------------------------------------------------ Incentive Stock Option 1/01/98 Common Stock 35,000 $0.857 175,000 D Incentive Stock Option 7/26/11 Common Stock 22,600 $6.05 113,000 D ------- TOTAL 288,000 Explanation of Responses: *Vesting schedule over three years; 25% vested on date of grant with and additional 25% vesting on each of 7/26/02, 7/26/03, and 7/26/04.
SIGNATURE OF REPORTING PERSON /s/ James M. Daughton 12/11/02 ----------------------------- -------- Signature of Reporting Person Date