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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
Common Stock	Acquisiton	2011-12-14	62,658	$0.00	217,774	No	4	A	Direct
Common Stock	Acquisiton	2011-12-14	60,240	$0.00	278,014	No	4	A	Direct
Common Stock	Disposition	2011-12-15	121,708	$42.02	156,306	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	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	Acquisiton	2011-12-14	3,200	$0.00	3,200	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,200			No	4	A	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	2,582	Indirect	By 401(k)
Common Stock	5,857	Indirect	By Spouse

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 take into account sales by Mrs. Hill, reported on even date herewith. 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 remaining portion of Mr. Hill's restricted stock unit vested following the board's determination that he had substantially achieved the succession planning criteria.
These shares were acquired pursuant to a restricted stock award and were subject to the vesting requirements.
Amount reported includes shares subject to unvested Restricted Stock Awards.
Each restricted stock unit represents a contingent right to receive one share of NVLS common stock.
The grant vests in four annual equal installments beginning December 14, 2012.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.00 to $42.21, 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.
Securities were sold pursuant to a 10b5-1 Trading Plan.