X0303 4 2008-12-15 0 0000836106 NOVELLUS SYSTEMS INC NVLS 0001185721 BENZING JEFFREY 0 1 0 0 EVP/Chief Admin Officer Common Stock 2008-12-15 4 M 0 375 12.53 A 50797 D Common Stock 2008-12-15 4 F 0 134 12.53 D 50663 D Common Stock 2008-12-15 4 F 0 3575 12.53 D 47088 D Common Stock 2008-12-16 4 S 0 6425 12.53 D 40663 D Common Stock 16762 I By Spouse Common Stock 1535 I By 401K Restricted Stock Award 0 2008-12-15 4 M 0 10000 0 D 2008-12-15 2008-12-15 Common Stock 10000 0 D Represents securities that were converted to common stock through the vesting of a Restricted Stock Unit. Represents the Company's closing sotck price on date of release. Shares were forfeited to cover tax obligation upon vesting of a Restricted Stock Unit. Shares were forfeited to cover tax obligation upon vesting of a Restricted Stock Award. Net securities sold were acquired through the release of a Restricted Stock Award on 12/15/08. Represents the stock price at which the securities sold. The indirect holdings by Mrs. Benzing include 927 estimated shares held in the Company 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 unitized stock fund. The balance is reported as of the last business day. Jeffrey Benzing 2008-12-17