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Filing Details

Accession Number:: 0001181431-11-016937
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-03-09 12:00:00
Reporting Period:: 2011-03-07

Filing Date:: 2011-03-09
Accepted Time:: 2011-03-09 20:29:43
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
836106	Novellus Systems Inc	NVLS	Special Industry Machinery, Nec (3559)	770024666

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1185713	Richard Hill	4000 North First Street San Jose CA 95134	Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-03-07	1,200	$27.48	7,057	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	1,000	$40.55	6,057	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	200	$41.10	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	1,200	$24.76	7,057	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	1,000	$40.56	6,057	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	200	$41.10	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	900	$33.39	6,757	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	900	$40.69	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	400	$26.15	6,257	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	400	$40.69	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	400	$12.47	6,257	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	400	$40.66	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	100	$23.93	5,957	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	100	$40.82	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	2,500	$27.51	8,357	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	2,300	$40.62	6,057	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	200	$41.08	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	2,700	$29.24	8,557	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	2,500	$40.61	6,057	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	200	$41.13	5,857	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-03-07	1,200	$31.24	7,057	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	1,000	$40.57	6,057	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-03-07	200	$41.10	5,857	No	4	S	Indirect	By Spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	S	Indirect	By Spouse

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	2,500	$0.00	2,500	$27.51
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	2,700	$0.00	2,700	$29.24
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	1,200	$0.00	1,200	$31.24
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	1,200	$0.00	1,200	$27.48
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	1,200	$0.00	1,200	$24.76
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	900	$0.00	900	$33.39
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	400	$0.00	400	$26.15
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	400	$0.00	400	$12.47
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-03-07	100	$0.00	100	$23.93

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,500	2012-08-15	No	4	M	Indirect
8,010	2012-12-13	No	4	M	Indirect
3,800	2014-06-11	No	4	M	Indirect
3,800	2014-12-16	No	4	M	Indirect
3,800	2015-12-15	No	4	M	Indirect
3,100	2016-12-14	No	4	M	Indirect
1,569	2017-12-13	No	4	M	Indirect
1,588	2018-12-18	No	4	M	Indirect
900	2019-12-17	No	4	M	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,582	Indirect	By 401(k)
Common Stock	155,116	Direct

Footnotes

Securities were sold pursuant to a 10b5-1 Trading Plan.
The indirect holdings by Mr. Hill's 401(k) are held in the Company unitized stock fund. The balance is reported as of the last business day.
The indirect holdings by Mrs. Hill include 2,284 estimated shares held in her Company 401(k) unitized stock fund. The balance is reported as of the last business day. The remaining shares are held in common stock.
The grant vests in four annual equal installments beginning December 13, 2003.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.07 to $41.01, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.05 to $41.04, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.07 to $41.12, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.08 to $41.12, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.05 to $40.82, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The grant vests 12,500 shares on June 11, 2005 and 37,500 shares on November 15, 2005.
The grant vests in four annual equal installments beginning December 16, 2005.
The grant vests in four annual equal installments beginning December 15, 2006.
The grant vests in four annual equal installments beginning December 14, 2007.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.25 to $41.12, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.09 to $41.02, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.05 to $41.02, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The grant vests in four annual equal installments beginning August 15, 2003.
The grant vests in four annual equal installments beginning December 13, 2008.
The grant vests in four annual equal installments beginning December 18, 2009.
The grant vests in four annual equal installments beginning December 17, 2010.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.05 to $40.83, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.05 to $40.83, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.08 to $41.18, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.07 to $41.12, inclusive. The reporting person undertakes to provide to Novellus Systems, Inc., any security holder of Novellus Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.