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Filing Details

Accession Number:: 0001181431-11-061342
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-12-20 18:03:24
Reporting Period:: 2011-12-16

Filing Date:: 2011-12-20
Accepted Time:: 2011-12-20 18:03:24
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-12-16	2,583	$38.70	158,889	No	4	M	Direct
Common Stock	Disposition	2011-12-16	2,583	$40.19	156,306	No	4	S	Direct
Common Stock	Acquisiton	2011-12-16	297,417	$38.70	453,723	No	4	M	Direct
Common Stock	Disposition	2011-12-16	297,417	$40.19	156,306	No	4	S	Direct
Common Stock	Acquisiton	2011-12-16	12,000	$38.70	15,573	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-12-16	12,000	$40.19	3,573	No	4	S	Indirect	By Spouse
Common Stock	Acquisiton	2011-12-16	650	$0.00	4,223	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2011-12-16	239	$40.18	3,984	No	4	F	Indirect	By Spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Indirect	By Spouse
No	4	S	Indirect	By Spouse
No	4	M	Indirect	By Spouse
No	4	F	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	Stock Option (Right to Buy)	Disposition	2011-12-16	2,583	$0.00	2,583	$38.70
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-12-16	297,417	$0.00	297,417	$38.70
Common Stock	Non-Qualified Stock Option (Right to Buy)	Disposition	2011-12-16	12,000	$0.00	12,000	$38.70
Common Stock	Restricted Stock Unit	Disposition	2011-12-16	650	$0.00	650	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2005-11-15	2011-12-20	No	4	M	Direct
0		2011-12-20	No	4	M	Direct
0		2011-12-20	No	4	M	Indirect
1,950			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

Footnotes

Amount reported includes shares subject to unvested Restricted Stock Awards.
Securities were sold pursuant to a 10b5-1 Trading Plan.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.89 to $40.45, 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 $39.76 to $40.56, 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 $39.77 to $40.50, 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 installments on December 20, 2002, December 20, 2003, December 20, 2044 and November 11, 2005.
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 16, 2011.