4//SEC Filing
NORTEL NETWORKS CORP 4
Accession 0000903423-05-000613
CIK 0000072911operating
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 6:00 PM ET
Size
30.7 KB
Accession
0000903423-05-000613
Insider Transaction Report
Form 4
PUSEY STEPHEN CHARLES
(1) See Remarks
Transactions
- Other
Common Shares
2005-08-15$3.33/sh−85,731$285,484→ 228,444 total
Holdings
- 80,000
01/25/96 Grant of Options
Exercise: $5.62Exp: 2006-01-24→ Common Shares (80,000 underlying) - 125,000
02/28/02 Grant of Options
Exercise: $5.15Exp: 2012-02-27→ Common Shares (125,000 underlying) - 500,000
02/28/02 Grant of Options
Exercise: $5.15Exp: 2008-02-28→ Common Shares (500,000 underlying) - 13,336
01/30/97 Grant of Options
Exercise: $8.85Exp: 2007-01-29→ Common Shares (13,336 underlying) - 29,336
01/29/98 Grant of Options
Exercise: $11.29Exp: 2008-01-28→ Common Shares (29,336 underlying) - 33,333
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-06-08→ Common Shares (33,333 underlying) - 56,250
01/29/02 Grant of Options
Exercise: $7.16Exp: 2011-06-18→ Common Shares (56,250 underlying) - 32,000
09/23/99 Grant of Options
Exercise: $23.97Exp: 2009-09-22→ Common Shares (32,000 underlying) - 46,666
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-01-26→ Common Shares (46,666 underlying)
Footnotes (6)
- [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]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").
- [F3]These initial 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.
- [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.
Documents
Issuer
NORTEL NETWORKS CORP
CIK 0000072911
Entity typeoperating
Related Parties
1- filerCIK 0000072911
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 6:00 PM ET
- Size
- 30.7 KB