MacKinnon Pierre David 4

Accession 0000903423-07-000601

CIK 0000072911other

View on SEC.gov Company Profile

Filed

Jun 17, 8:00 PM ET

Accepted

Jun 18, 3:58 PM ET

Size

33.7 KB

Accession

0000903423-07-000601

Insider Transaction Report

Form 4

Period: 2007-06-15

NORTEL NETWORKS CORPNT

MacKinnon Pierre David

(1) See Remarks

Transactions

Sale
Common Shares
2007-06-15$25.50/sh−662$16,881→ 6,838 total

Holdings

Investment Fund Units
→ Common Shares (2,179.607 underlying)
73,985.658
09/07/2005 Grant of Options
Exercise: $31.80Exp: 2015-09-06→ Common Shares (62,500 underlying)
62,500
Common Shares
13,123
Common Shares
8,700
Investment Fund Units
→ Common Shares
601.873
01/28/99 Grant of Options
Exercise: $155.31Exp: 2009-01-27→ Common Shares (2,800 underlying)
2,800
01/29/02 Grant of Options
Exercise: $71.60Exp: 2010-03-09→ Common Shares (4,000 underlying)
4,000
06/14/2006 Grant of Options
Exercise: $21.20Exp: 2016-06-13→ Common Shares (12,500 underlying)
12,500
Common Shares
9,859
03/21/2007 Grant of Options
Exercise: $25.82Exp: 2017-03-20→ Common Shares (17,300 underlying)
17,300
01/29/98 Grant of Options
Exercise: $112.88Exp: 2008-01-28→ Common Shares (2,000 underlying)
2,000
01/29/02 Grant of Options
Exercise: $71.60Exp: 2010-01-26→ Common Shares (2,666 underlying)
2,666
02/28/02 Grant of Options
Exercise: $51.50Exp: 2012-02-27→ Common Shares (8,000 underlying)
8,000

Footnotes (13)

[F1]Mandatory and automatic open market sale of common shares to pay applicable withholding taxes upon the vesting of restricted stock units.
[F10]The reported options are currently vested.
[F11]Represents the exercise price of $165.25 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
[F12]Represents the exercise price of $237 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
[F13]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
[F2]Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 7,500 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 as part of a grant of 15,000 restricted stock units that vest in three equal annual installments beginning on September 7, 2006 and are settled in Nortel Networks Corporation common shares upon vesting.
[F4]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.
[F5]The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan.
[F6]The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant.
[F7]73,985.6584 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 15, 2007. The U.S. Stock Fund invests primarily in common shares of Nortel Networks Corporation ("NNC"). As at June 15, 2007 the participant's company stock fund units represent approximately 2,179.6067 NNC common shares. The U.S. Investment Plan is administered as a unitized fund by Hewitt Associates LLC and the number of shares represented by each unit fluctuates on a daily basis.
[F8]601.8727 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 "Canadian StockFund") including the deduction of investment management fees and applicable taxes pursuant to the Nortel Networks Limited Investment Plan for Employees - Canada (the "Canadian Investment Plan") as of June 15, 2007. Each company stock fund unit represents one Nortel Networks Corporation ("NNC") common share and the priceof each stock fund unit equals the closing price of one share of NNC common stock on the Toronto Stock Exchange on theapplicable date. The Canadian Investment Plan is administered by Sun Life Assurance Company of Canada.
[F9]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").

Documents

2 files

Issuer

NORTEL NETWORKS CORP

CIK 0000072911

→

Entity typeother

Related Parties

filerCIK 0001304858

Filing Metadata

Form type: 4
Filed: Jun 17, 8:00 PM ET
Accepted: Jun 18, 3:58 PM ET
Size: 33.7 KB

View on SEC.gov