WENDT DIETMAR MARTIN 4

Accession 0000903423-07-000604

CIK 0000072911other

View on SEC.gov Company Profile

Filed

Jun 17, 8:00 PM ET

Accepted

Jun 18, 4:00 PM ET

Size

27.7 KB

Accession

0000903423-07-000604

Insider Transaction Report

Form 4

Period: 2007-06-15

NORTEL NETWORKS CORPNT

WENDT DIETMAR MARTIN

President, Global Services

Transactions

Sale
Common Shares
2007-06-15$25.45/sh−1,630$41,484→ 28,870 total
Sale
Common Shares
2007-06-15$25.48/sh−2,000$50,960→ 30,500 total
Sale
Common Shares
2007-06-15$25.49/sh−600$15,294→ 27,470 total
Sale
Common Shares
2007-06-15$25.27/sh−25$632→ 27,445 total
Sale
Common Shares
2007-06-15$25.47/sh−800$20,376→ 28,070 total

Holdings

Common Shares
13,500
Investment Fund Units
→ Common Shares
1,288.26
03/21/2007 Grant of Options
Exercise: $25.82Exp: 2017-03-20→ Common Shares (27,100 underlying)
27,100
6/14/2006 Grant of Options
Exercise: $21.22Exp: 2016-06-13→ Common Shares (12,500 underlying)
12,500

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]Represents the exercise price of $29.9 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
[F11]The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant.
[F12]1,288.26 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 Stock Fund") 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 price of each stock fund unit equals the closing price of one share of NNC common stock on the Toronto Stock Exchange on the applicable date. The Canadian Investment Plan is administered by Sun Life Assurance Company of Canada.
[F13]Represents the exercise price of $23.6 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant.
[F2]Represents the per share sale price of 27.21 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of sale.
[F3]Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 32,500 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.
[F4]Represents the per share sale price of $27.18 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of sale.
[F5]Represents the per share sale price of $27.2 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of sale.
[F6]Represents the per share sale price of $27.22 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of sale.
[F7]Represents the per share sale price of $26.99 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of sale.
[F8]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.
[F9]The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan.

Documents

2 files

Issuer

NORTEL NETWORKS CORP

CIK 0000072911

→

Entity typeother

Related Parties

filerCIK 0001361478

Filing Metadata

Form type: 4
Filed: Jun 17, 8:00 PM ET
Accepted: Jun 18, 4:00 PM ET
Size: 27.7 KB

View on SEC.gov