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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>0001181431-03-016444.txt : 20030731
<SEC-HEADER>0001181431-03-016444.hdr.sgml : 20030731
<ACCEPTANCE-DATETIME>20030731171708
ACCESSION NUMBER:		0001181431-03-016444
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030729
FILED AS OF DATE:		20030731

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:			LINDAHL JOHN E
		CENTRAL INDEX KEY:			0001211896

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		03815468

	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:		03815469

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

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:		03815470

	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:		03815471

	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:			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:		03815472

	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>rrd14644.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-07-29</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>3600 IDS Center</rptOwnerStreet1><rptOwnerStreet2>80 South Eighth Street</rptOwnerStreet2><rptOwnerCity>Minneapolis</rptOwnerCity><rptOwnerState>MN</rptOwnerState><rptOwnerZipCode>55402</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001252790</rptOwnerCik>
            <rptOwnerName>ITASCA PARTNERS</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>3600 IDS Center</rptOwnerStreet1><rptOwnerStreet2>80 South Eighth Street</rptOwnerStreet2><rptOwnerCity>Minneapolis</rptOwnerCity><rptOwnerState>MN</rptOwnerState><rptOwnerZipCode>55402</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001209711</rptOwnerCik>
            <rptOwnerName>STILL GEORGE J JR</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>c/o Norwest Venture Partners</rptOwnerStreet1><rptOwnerStreet2>525 University Avenue, Suite 800</rptOwnerStreet2><rptOwnerCity>Palo Alto</rptOwnerCity><rptOwnerState>CA</rptOwnerState><rptOwnerZipCode>94301</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001185205</rptOwnerCik>
            <rptOwnerName>WHALEY JOHN P</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>3600 IDS Center</rptOwnerStreet1><rptOwnerStreet2>80 South Eighth Street</rptOwnerStreet2><rptOwnerCity>Minneapolis</rptOwnerCity><rptOwnerState>MN</rptOwnerState><rptOwnerZipCode>55402</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001211896</rptOwnerCik>
            <rptOwnerName>LINDAHL JOHN E</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NORWEST EQUITY PARTNERS</rptOwnerStreet1>
            <rptOwnerStreet2>3600 IDS CENTER, 80 SOUTH EIGHTH STREET</rptOwnerStreet2>
            <rptOwnerCity>MINNEAPOLIS</rptOwnerCity>
            <rptOwnerState>MN</rptOwnerState>
            <rptOwnerZipCode>55402</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-29</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1"/></transactionCoding><transactionAmounts><transactionShares><value>112493</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id="F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F1"/></directOrIndirectOwnership></owne
rshipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-29</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>108507</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See footnote #2.</value><footnoteId id="F2"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeHolding><secur
ityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1221487</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>See foonote #3.</value><footnoteId id="F3"/></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-29</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>109</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionA
mounts><sharesOwnedFollowingTransaction><value>109</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F4"/></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-29</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>109</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>109</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><dir
ectOrIndirectOwnership><value>D</value><footnoteId id="F4"/></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-07-29</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionShares><value>109</value></transactionShares><transactionPricePerShare><value>0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1221716</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value><footnoteId id="F4"/></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><
/nonDerivativeTable><footnotes><footnote id="F1">The securities reported as a disposition on Line 1 of Table I were held of record by Norwest Equity Partners IV, LP, a Minnesota limited partnership ("NEP IV").  NEP IV distributed, as a pro rata partnership distribution without consideration, the 112,493 shares shown on Line 1 to NEP IV's sole limited partner and holder of certain general partnership interests in NEP IV.</footnote><footnote id="F2">The securities reported as a disposition on Line 2 of Table I were held of record by Norwest Equity Partners V, LP, a Minnesota limited partnership ("NEP V"), whose general partner is Itasca Partners V, L.L.P. ("Itasca V").  John E. Lindahl and George J. Still, Jr. are the managing general partners and John P. Whaley is the managing administrative partner of Itasca V and also the limited partners of NEP V.  NEP V distributed, as a pro rata partnership distribution without consideration, an aggregate of 108,507 shares of Issuer's common stock to its limited partners
.  In the distribution, each of Messrs. Still, Lindahl and Whaley received 109 shares, respectively.</footnote><footnote id="F3">The securities reported on Line 3 of Table 1 are held of record by John P. Whaley.  NEP IV, whose general partner is Itasca Partners, L.L.P ("Itasca"), may be deemed a beneficial owner of such shares.  John E. Lindahl and George J. Still, Jr. are the managing partners and John P. Whaley is the managing administrative partner of Itasca.  By virtue of their positions as managing partners and managing administrative partner, Messrs. Still, Lindahl and Whaley may be deemed to beneficially own such shares.  Each of Messrs. Still, Lindahl and Whaley disclaims beneficial ownership of securities, except to the extent of his respective indirect pecuniary interest therein.</footnote><footnote id="F4">Indirect holdings of Messrs. Lindahl, Still and Whaley by virtue of their interests in NEP IV are reported on Line 3 of Table 1.  See footnote 3 for an explanation of their indirect interest in 
such shares.</footnote></footnotes><ownerSignature><signatureName>John P. Whaley, Managing Administrative 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>2003-07-31</signatureDate></ownerSignature><ownerSignature><signatureName>George J. Still, Jr., by Bobbi V. Mattos, His Attorney-In-Fact</signatureName><signatureDate>2003-07-31</signatureDate></ownerSignature><ownerSignature><signatureName>John E. Lindahl, by John P. Whaley, His Attorney-In-Fact</signatureName><signatureDate>2003-07-31</signatureDate></ownerSignature><ownerSignature><signatureName>John P. Whaley</signatureName><signatureDate>2003-07-31</signatureDate></ownerSignature></ownershipDocument>



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<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>3
<FILENAME>rrd6514_7304.htm
<DESCRIPTION>JOHN E. LINDAHL POWER OF ATTORNEY
<TEXT>
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<TITLE>
rrd6514_7304.html
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POWER OF ATTORNEY<br>For Executing Forms 3, 4, and 5<p><br>Know all by these presents, that the undersigned hereby constitutes and appoints each of John P. Whaley, Jerald L. Lester, Mary E. Schaffner, and Laurel A. Holschuh, signing singly, his/her true and lawful attorney-in-fact to:<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;execute for and on behalf of the undersigned Forms 3, 4, and 5, and any amendments to any such forms in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the execution of any such Form 3, 4, or 5 and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&n
bsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his/her discretion.<p>The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or his/her substitute or substitutes, sha
ll lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.<p>This Power of Attorney shall remain in full force and effect until the undersigned is no longer affiliated with one or more of the entities known collectively as "Norwest Equity Partners" or "Norwest Venture Partners," unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.<p>IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 12th day of August, 2002.<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ John E. Lindahl<p>
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</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
