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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
1185713	Richard Hill	4000 North First Street San Jose CA 95134	Ceo	Yes	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	Explanation
Common Stock	Acquisiton	2011-12-13	375	$0.00	3,948	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-12-13	138	$35.31	3,810	No	4	F	Indirect	By Spouse
Common Stock	Acquisiton	2011-12-13	125	$0.00	3,935	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-12-13	46	$35.31	3,889	No	4	F	Indirect	By Spouse
Common Stock	Disposition	2011-12-14	237	$35.06	3,652	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2011-12-14	79	$35.06	3,573	No	4	S	Indirect	By Spouse

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2011-12-13	375	$0.00	375	$0.00
Common Stock	Restricted Stock Unit	Disposition	2011-12-13	125	$0.00	125	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	M	Indirect
0			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	2,284	Indirect	By Spouse
Common Stock	155,116	Direct

Footnotes

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 grant vests in four annual equal installments beginning December 13, 2008.
Subject to Mrs. Hill's continued employment, fifty percent (50%) of the shares will vest in four annual equal installments beginning December 13, 2008. The remaining fifty percent (50%) of the shares will vest upon achievement of specific revenue targets. If the performance conditions are not met by the target date, shares will be forfeited.
Securities were sold pursuant to a 10b5-1 Trading Plan.
Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.