4//SEC Filing
SCHILLING STEVEN LEO 4
Accession 0000903423-03-000991
CIK 0000072911other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 4:57 PM ET
Size
19.8 KB
Accession
0000903423-03-000991
Insider Transaction Report
Form 4
SCHILLING STEVEN LEO
President, Enterprise Accounts
Transactions
- Sale
Common Shares
2003-11-26$4.45/sh−12,000$53,400→ 120,149 total
Holdings
- 120,000
01/24/95 Grant of Options
Exercise: $50.08Exp: 2005-01-23→ Common Shares (120,000 underlying) - 93,334
01/28/99 Grant of Options
Exercise: $15.53Exp: 2009-01-27→ Common Shares (93,334 underlying) - 8,250(indirect: By Spouse)
Common Shares
- 50,000
06/09/00 Grant of Options
Exercise: $59.41Exp: 2010-06-08→ Common Shares (50,000 underlying) - 75,000
01/25/01 Grant of Options
Exercise: $38.26Exp: 2011-01-24→ Common Shares (75,000 underlying) - 350,000
02/28/02 Grant of Options
Exercise: $5.15Exp: 2012-02-27→ Common Shares (350,000 underlying) - 495,224.01
Investment Fund Units
→ Common Shares (146,283.25 underlying) - 24,000
01/29/98 Grant of Options
Exercise: $11.29Exp: 2008-01-28→ Common Shares (24,000 underlying) - 60,000
07/23/98 Grant of Options
Exercise: $14.54Exp: 2008-07-22→ Common Shares (60,000 underlying) - 84,000
01/27/00 Grant of Options
Exercise: $49.61Exp: 2010-01-26→ Common Shares (84,000 underlying) - 60,000
07/29/99 Grant of Options
Exercise: $21.94Exp: 2009-07-28→ Common Shares (60,000 underlying)
Footnotes (8)
- [F1]These shares are held by a member of Mr. Schilling's immediate family residing in his household. Mr. Schilling claims beneficial ownership of these shares.
- [F2]495,224.01 company stock fund units are held in the participant's account as a result of the participant's contributions, vested company contributions and/or investment earnings thereon invested in the company stock fund (the "U.S.Stock Fund") pursuant to the Nortel Networks Long-Term Investment Plan (the "U.S.Investment Plan"), as of November 25,2003. The Stock Fund invests primarily in Nortel Networks Corporation ("NNC") common shares.As at November 25,2003,the participant's company stock fund units represent approximately 146,283.25 common shares of NNC.The U.S.Investment Plan is administered as a unitized fund by Hewitt Associates LLC and the number of shares represented by each unit fluctuates on a daily basis.
- [F3]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").
- [F4]These replacement options were granted pursuant to the Key Contributor Program under the 1986 Stock Option Plan. Under the terms of Key Contributor Program,a Participant is granted concurrently an equal number of initial options and replacement options. The replacement options expire ten years from the date of grant and have an exercise price equal to the market value (as defined in the 1986 Stock Option Plan) of common shares on the date the initial options are fully exercised, provided that in no event will the exercise price be less than the market value (as defined in the 1986 Stock Option Plan) on the date of grant.Subject to certain holding requirements with respect to shares received from the exercise of the initial options,the replacement options are generally exercisable commencing 36 months from the date all of the initial options are fully exercised.
- [F5]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
- [F6]The reported options are currently vested.
- [F7]The reported options are currently vested as to 50,000 NNC common shares and will vest as to the remaining 25,000 NNC common shares on January 25, 2004.
- [F8]The reported options are currently vested as to 116,666 NNC common shares and will vest as to 116,667 NNC common shares on February 28, 2004 and on February 28, 2005.
Documents
Issuer
NORTEL NETWORKS CORP
CIK 0000072911
Entity typeother
Related Parties
1- filerCIK 0001232507
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 4:57 PM ET
- Size
- 19.8 KB