CAREY DENNIS J 4
4 · NORTEL NETWORKS CORP · Filed Jun 18, 2007
Insider Transaction Report
Form 4
CAREY DENNIS J
(1) See Remarks
Transactions
- Sale
Common Shares
2007-06-15$25.35/sh−9,550$242,093→ 57,950 total
Holdings
- 50,000
03/21/07 Grant of Options
Exercise: $25.82Exp: 2017-03-20→ Common Shares (50,000 underlying) - 25,000
06/14/2006 Grant of Options
Exercise: $21.20Exp: 2016-06-13→ Common Shares (25,000 underlying) - 25,000
Common Shares
Footnotes (5)
- [F1]Mandatory and automatic open market sale of common shares to pay applicable withholding taxes upon the vesting of restricted stock units.
- [F2]Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 67,500 restricted stock units that vest in three equal annual installments beginning on June 14, 2007 and are settled in Nortel Networks Corporation common shares upon vesting.
- [F3]Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan that vest in three equal annual installments beginning on March 21, 2008 and are settled in Nortel Networks Corporation common shares upon vesting, net of tax withholding.
- [F4]The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan.
- [F5]The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant.