JOANNOU DION CONSTANDINO 4

4 · NORTEL NETWORKS CORP · Filed Jun 16, 2006

Form 4

Period: 2006-06-14

President, North America

Transactions

Award
06/14/2006 Grant of Options
2006-06-14+250,000→ 250,000 total
Exercise: $2.12Exp: 2016-06-13→ Common Shares (250,000 underlying)
Award
Common Shares
2006-06-14+175,000→ 175,000 total

Holdings

01/29/98 Grant of Options
Exercise: $11.29Exp: 2008-01-28→ Common Shares (1,334 underlying)
1,334
Common Shares
392,744
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-01-26→ Common Shares (13,333 underlying)
13,333
01/29/02 Grant of Options
Exercise: $7.16Exp: 2011-01-24→ Common Shares (8,000 underlying)
8,000
Investment Fund Units
→ Common Shares (24,585.81 underlying)
82,622.63
10/29/98 Grant of Options
Exercise: $10.15Exp: 2008-10-28→ Common Shares (10,668 underlying)
10,668
01/28/99 Grant of Options
Exercise: $15.53Exp: 2009-01-27→ Common Shares (13,334 underlying)
13,334
02/28/02 Grant of Options
Exercise: $5.15Exp: 2012-02-27→ Common Shares (90,000 underlying)
90,000
01/29/02 Grant of Options
Exercise: $7.16Exp: 2010-11-28→ Common Shares (3,333 underlying)
3,333
11/22/2005 Grant of Options
Exercise: $3.07Exp: 2015-11-21→ Common Shares (750,000 underlying)
750,000

Footnotes (7)

[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.
[F4]82,622.63 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 June 14, 2006. The Stock Fund invests primarily in NNC common shares. As of June 14, 2006, the participant's company stock fund units represents approximately 24,585.81 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.
[F5]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").
[F6]The reported options are currently vested.
[F7]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.

Documents

1 file