X0202 4 2008-01-05 0 0001022652 NOVATEL WIRELESS INC NVTL 0001201621 LEPARULO PETER V 9645 SCRANTON ROAD, SUITE 205 SAN DIEGO CA 92121 1 1 0 0 Executive Chairman Common Stock 2008-01-05 4 M 0 50000 0 A 62115 D Common Stock 2008-01-05 4 F 0 18361 14.43 D 43754 D Restricted Stock Units 0 2008-01-05 4 M 0 50000 0 D Common Stock 50000 100000 D Automatic disposition of shares back to Issuer (and subsequent cancellation thereof) solely to satisfy the immediate payroll tax withholding obligation triggered by the vesting of restricted stock. The Reporting Person received no proceeds from this transaction. Converts into Common Stock on a one-for-one basis. The Restricted Stock Units vest in three equal installments subject to achieving certain criteria with respect to the Issuer's 2007 performance which were established in January 2007 for the Issuer's executive officers as a group. By: Patrick T. Waters for Peter V. Leparulo 2008-01-08