4//SEC Filing
BROWN ROBERT ELLIS 4
Accession 0000903423-04-000003
CIK 0000072911other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:21 PM ET
Size
14.3 KB
Accession
0000903423-04-000003
Insider Transaction Report
Form 4
BROWN ROBERT ELLIS
Director
Transactions
- Award
Share Units
2003-12-31$4.26/sh+1,319.374$5,621→ 24,737.972 total→ Common Shares (1,319.374 underlying) - Award
Share Units
2003-12-31$4.26/sh+4,251.316$18,111→ 98,516.546 total→ Common Shares (4,251.316 underlying)
Holdings
- 94(indirect: Held by son, Colin Brown)
Common Shares
- 671(indirect: By Spouse)
Common Shares
- 4,000
05/24/01 Grant of options
Exercise: $14.95Exp: 2011-05-23→ Common Shares (4,000 underlying) - 409,281
Common Shares
- 4,000
06/09/00 Grant of options
Exercise: $59.41Exp: 2010-06-08→ Common Shares (4,000 underlying) - 379(indirect: Held by daughter, Erin Brown)
Common Shares
Footnotes (9)
- [F1]These shares are held by members of Mr. Brown's immediate family residing in his household. Mr. Brown disclaims beneficial ownership of such shares.
- [F2]Share units issued under the Nortel Networks Corporation Directors' Deferred Share Compensation Plan (the "NNCDDSCP"). Pursuant to the NNCDDSCP, certain fees payable to Nortel Networks Corporation ("NNC") directors are paid in the form of NNC share units, based upon the market price of NNC common shares at the time such NNC share units are credited to the director's account under the NNCDDSCP. On the earliest date when a director ceases to be both (i) a member of the board of directors of NNC and (ii) employed by NNC or its subsidiaries, NNC will cause to be purchased on the open market, for delivery to the director, a number of NNC common shares equal to the number of NNC share units credited to the director's account under the plan.
- [F3]Represents the price of the share unit of $5.51 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the transaction date.
- [F4]Share units issued under the Nortel Networks Limited Directors' Deferred Share Compensation Plan (the "NNLDDSCP"). Pursuant to the NNLDDSCP, certain fees payable to Nortel Networks Limited ("NNL") directors are paid in the form of NNL share units, based upon the market price of NNC common shares at the time such NNL share units are credited to the director's account under the NNLDDSCP. On the earliest date when a director ceases to be both (i) a member of the board of directors of NNL and (ii) employed by NNL or its subsidiaries, NNL will cause to be purchased on the open market, for delivery to the director, a number of NNC common shares equal to the number of NNL share units credited to the director's account under the plan.
- [F5]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
- [F6]Represents the exercise price of $87.71 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
- [F7]The reported options are currently vested.
- [F8]Represents the exercise price of $23.13 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
- [F9]The reported options are vested as to 2,666 NNC common shares and will vest as to the remaining 1,334 NNC common shares on May 24, 2004.
Documents
Issuer
NORTEL NETWORKS CORP
CIK 0000072911
Entity typeother
Related Parties
1- filerCIK 0001242835
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:21 PM ET
- Size
- 14.3 KB