CAREY DENNIS J 4
4 · NORTEL NETWORKS CORP · Filed Jun 16, 2006
Insider Transaction Report
Form 4
CAREY DENNIS J
(1) See Remarks
Transactions
- Award
Common Shares
2006-06-14+675,000→ 675,000 total - Award
06/14/2006 Grant of Options
2006-06-14+250,000→ 250,000 totalExercise: $2.12Exp: 2016-06-13→ Common Shares (250,000 underlying)
Footnotes (3)
- [F1]Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan that vest in three equal annual installments beginning on June 14, 2007 and are settled in Nortel Networks Corporation common shares upon vesting, net of tax withholding.
- [F2]The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan.
- [F3]The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant.