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Filing Details

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
1343600	Timothy Archer	4000 North First Street San Jose CA 95134	Coo	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-12-17	5,850	$0.00	6,224	No	4	M	Direct
Common Stock	Disposition	2010-12-17	2,659	$32.84	3,565	No	4	F	Direct
Common Stock	Acquisiton	2010-12-18	4,500	$0.00	8,065	No	4	M	Direct
Common Stock	Disposition	2010-12-20	2,046	$32.54	6,019	No	4	F	Direct
Common Stock	Disposition	2010-12-20	3,191	$32.61	2,828	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2010-12-17	5,850	$0.00	5,850	$0.00
Common Stock	Restricted Stock Unit	Disposition	2010-12-18	4,500	$0.00	4,500	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
17,550			No	4	M	Direct
9,000			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	3,445	Indirect	By 401(k)
Common Stock	448	Indirect	By Spouse

Footnotes

The indirect holdings in the 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. Archer are estimated shares held in the Company 401K unitized stock fund. The balance is reported as of the last business day.
The grant vests in four annual equal installments beginning December 17, 2010.
Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.
Securities sold pursuant to a 10b-5 Plan.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.46 to $32.82, 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 in four annual equal installments beginning December 18, 2009.