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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-03-015485.txt : 20030725
<SEC-HEADER>0001181431-03-015485.hdr.sgml : 20030725
<ACCEPTANCE-DATETIME>20030725152958
ACCESSION NUMBER:		0001181431-03-015485
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030723
FILED AS OF DATE:		20030725

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STILL GEORGE J JR
		CENTRAL INDEX KEY:			0001209711

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03803572

	MAIL ADDRESS:	
		STREET 1:		NORWEST VENTURE PARTNERS
		STREET 2:		525 UNIVERSITY AVE STE 800
		CITY:			PALO ALTO
		STATE:			CA
		ZIP:			94301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ITASCA PARTNERS
		CENTRAL INDEX KEY:			0001252790
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03803568

	MAIL ADDRESS:	
		STREET 1:		3600 IDS CENTER
		STREET 2:		80 SOUTH EIGHT ST
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LINDAHL JOHN E
		CENTRAL INDEX KEY:			0001211896

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03803570

	MAIL ADDRESS:	
		STREET 1:		NORWEST EQUITY PARTNERS
		STREET 2:		3600 IDS CENTER, 80 S. EIGHTH ST.
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WHALEY JOHN P
		CENTRAL INDEX KEY:			0001185205

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03803573

	BUSINESS ADDRESS:	
		STREET 1:		3600 IDS CENTER
		STREET 2:		80 SOUTH EIGHTH ST
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		6122151667

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NVE CORP /NEW/
		CENTRAL INDEX KEY:			0000724910
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				411424202
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0331

	BUSINESS ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344
		BUSINESS PHONE:		9528299217

	MAIL ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PREMIS CORP
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NORWEST EQUITY PARTNERS IV LP /MN/
		CENTRAL INDEX KEY:			0000901837
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03803574

	BUSINESS ADDRESS:	
		STREET 1:		3600 IDS CENTER
		STREET 2:		80 SOUTH EIGHTH STREET
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55402
		BUSINESS PHONE:		6122151667

	MAIL ADDRESS:	
		STREET 1:		3600 IDS CENTER 80 SOUTH EIGHTH STREET
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			554026
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd13922.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
<periodOfReport>2003-07-23</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000724910</issuerCik>
        <issuerName>NVE CORP /NEW/</issuerName>
        <issuerTradingSymbol>nvec</issuerTradingSymbol></issuer>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0000901837</rptOwnerCik>
            <rptOwnerName>NORWEST EQUITY PARTNERS IV LP /MN/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001185205</rptOwnerCik>
            <rptOwnerName>WHALEY JOHN P</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001209711</rptOwnerCik>
            <rptOwnerName>STILL GEORGE J JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001211896</rptOwnerCik>
            <rptOwnerName>LINDAHL JOHN E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<reportingOwner>
<reportingOwnerId>
            <rptOwnerCik>0001252790</rptOwnerCik>
            <rptOwnerName>ITASCA PARTNERS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
<officerTitle></officerTitle>
<otherText></otherText></reportingOwnerRelationship></reportingOwner>
<nonDerivativeSecurity>
<securityTitle>
<value>Common Stock</value></securityTitle>
<transactionDate>
<value>2003-07-23</value></transactionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved></transactionCoding>
<transactionTimeliness>
<value></value></transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>15700</value></transactionShares>
<transactionValue>
<value>24.73</value></transactionValue>
<transactionAcquiredDisposedCode>
<value>D</value></transactionAcquiredDisposedCode></transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>1367280</value>
<footnoteId id="F2"/>
<footnoteId id="F3"/>
<footnoteId id="F4"/></sharesOwnedFollowingTransaction></postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
<footnoteId id="F1"/></directOrIndirectOwnership>
<natureOfOwnership>
<value></value></natureOfOwnership></ownershipNature></nonDerivativeSecurity>
<footnotes>
<footnote id="F1">Norwest Equity Partners IV, LP, a Minnesota limited partnership (&quot;NEP IV&quot;) is the record owner of the securities reported on Line 1 of Table I.  With respect to the reporting persons named in this Form 4, Itasca Partners, L.L.P. (&quot;Itasca&quot;) is the general partner of NEP IV.  John E. Lindahl and George J. Still, Jr. are the managing partners, and John P. Whaley is the managing administrative partner of Itasca.  As a result, Itasca and Messrs. Lindahl, Still and Whaley may be deemed to beneficially own the securities held by NEP IV.  Each of Itasca, John E. Lindahl, George J. Still, Jr. and John P. Whaley disclaims beneficial ownership of such securities, except to the extent of its or his indirect pecuniary interest therein.</footnote>
<footnote id="F2">The number of securities reported on Line 1 of Table 1 includes 1,221,487 shares of Issuer&apos;s common stock of which John P. Whaley is the record owner.  NEP IV may be deemed to beneficially own such shares.</footnote>
<footnote id="F3">The number of securities reported on Line 1 of Table I does not include 108,507 shares of common stock held of record by Norwest Equity Partners V, LP, a Minnesota limited partnership (&quot;NEP V&quot;), whose general partner is Itasca Partners V, L.L.P. (&quot;Itasca V&quot;).  The managing partners of Itasca V are John E. Lindahl and George J. Still, Jr. and the managing administrative partner is John P. Whaley.  By virtue of their positions as managing partners and managing administrative partner of Itasca V, Messrs. Still, Lindahl and Whaley may be deemed to beneficially own such shares.  Each of Messrs. Still, Lindahl and Whaley disclaims beneficial ownership of such securities, except to the extent of his respective indirect pecuniary interest therein.</footnote>
<footnote id="F4">The number of securities reported on Line 1 of Table 1:  (1) does not include 120 shares of Issuer&apos;s common stock directly owned by John P. Whaley; and (2) includes 1,221,487 shares of Issuer&apos;s common stock of which John P. Whaley is the record owner.  NEP IV may be deemed to beneficially own such shares.</footnote></footnotes>
<ownerSignature>
<signatureName>John E. Lindahl, Managing Partner of Itasca Partners, L.L.P., for itself and as General Partner of Norwest Equity Partners IV, LP, a Minnesota Limited Partnership</signatureName>
<signatureDate>2003-07-25</signatureDate></ownerSignature>
<ownerSignature>
<signatureName>George J. Still, Jr., by Bobbi V. Mattos, His Attorney-In-Fact</signatureName>
<signatureDate>2003-07-25</signatureDate></ownerSignature>
<ownerSignature>
<signatureName>John E. Lindahl</signatureName>
<signatureDate>2003-07-25</signatureDate></ownerSignature>
<ownerSignature>
<signatureName>John P. Whaley, by Jerald L. Lester, His Attorney-In-Fact</signatureName>
<signatureDate>2003-07-25</signatureDate></ownerSignature></ownershipDocument>


</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
