X0303 4 2008-10-14 0 0000836106 NOVELLUS SYSTEMS INC NVLS 0001185721 BENZING JEFFREY 0 1 0 0 EVP/Chief Administrative Off Common Stock 2008-10-14 4 M 0 375 0 A 49943 D Common Stock 2008-10-14 4 F 0 134 15.68 D 49809 D Common Stock 16848 I By Spouse Common Stock 1532 I By 401K Restricted Stock Unit 0 2008-10-14 4 M 0 375 0 D 2008-10-14 2011-12-14 Common Stock 375 14250 D Represents derivative securities that were converted to common stock through the vesting of a restricted stock unit. Shares were forfeited to cover tax obligation upon vesting. Represents the Company's closing stock price on date of release. The indirect holdings by Mrs. Benzing include 926 estimated shares held in the Company's 401K unitized stock fund. This balance is reported as of the last business day. The remaining shares are held in common stock and unvested restricted stock awards. The indirect holdings in the 401K are held in the Company's unitized stock fund. The balance is reported as of the last business day. Jeffrey Benzing 2008-10-15