NORTEL NETWORKS CORP 4
4 · NORTEL NETWORKS CORP · Filed Aug 17, 2005
Insider Transaction Report
Form 4
JOANNOU DION CONSTANDINO
President, North America
Transactions
- Other
Common Shares
2005-08-15$3.33/sh−32,875$109,474→ 111,112 total
Holdings
- 8,000
01/29/02 Grant of Options
Exercise: $7.16Exp: 2011-01-24→ Common Shares (8,000 underlying) - 10,668
10/29/98 Grant of Options
Exercise: $10.15Exp: 2008-10-28→ Common Shares (10,668 underlying) - 13,333
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-01-26→ Common Shares (13,333 underlying) - 1,334
01/29/98 Grant of Options
Exercise: $11.29Exp: 2008-01-28→ Common Shares (1,334 underlying) - 82,622.62
Investment Fund Units
→ Common Shares (24,537.78 underlying) - 3,333
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-11-28→ Common Shares (3,333 underlying) - 13,334
01/28/99 Grant of Options
Exercise: $15.53Exp: 2009-01-27→ Common Shares (13,334 underlying) - 90,000
02/28/02 Grant of Options
Exercise: $5.15Exp: 2012-02-27→ Common Shares (90,000 underlying)
Footnotes (5)
- [F1]Common shares of Nortel Networks Corporation (NNC) surrendered by the officer for cancellation in accordance with the escrow agreement dated as of March 1, 2005 among NNC, Computershare Trust Company of Canada et al, in connection with the voluntary undertaking by the officer to pay over a three year period an amount equal to the return to profitability bonus paid to the officer in 2003, net of tax deductions at source, as set forth in a letter of undertaking dated January 10, 2005 as modified by a letter dated as of March 1, 2005.
- [F2]82,622.62 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 August 15, 2005. The Stock Fund invests primarily in NNC common shares. As of August 15, 2005, the participant's company stock fund units represents approximately 24,537.78 common shares of NNC. The U.S. Investment Plan is administered as a unitized fund by Hewitt Associates Inc. 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]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
- [F5]The reported options are currently vested.