Earnings Feed
Start Free
Home/Filings/4/0001005477-03-002629
4//SEC Filing

NORTEL NETWORKS CORP 4

Accession 0001005477-03-002629

CIK 0000072911operating
View on SEC.govCompany Profile

Filed

Jul 29, 8:00 PM ET

Accepted

Jul 30, 7:43 PM ET

Size

22.6 KB

Accession

0001005477-03-002629

Insider Transaction Report

Form 4
Period: 2003-07-28
NORTEL NETWORKS CORPNT
PUSEY STEPHEN CHARLES
(1) See Remarks
Transactions
  • Tax Payment

    Common Shares

    2003-07-29$2.92/sh−127,100$371,132→ 222,725 total
  • Award

    Common Shares

    2003-07-28+182,900→ 222,725 total
Holdings

  • 09/23/99 Grant of Options (32,000 options outstanding)

    Exercise: $23.97Exp: 2009-09-22→ Common Shares (32,000 underlying)
    32,000

  • 01/29/98 Grant of Options (29,336 options outstanding)

    Exercise: $11.29Exp: 2008-01-28→ Common Shares (29,336 underlying)
    29,336

  • 02/28/02 Grant of Options (125,000 options outstanding)

    Exercise: $5.15Exp: 2012-02-27→ Common Shares (125,000 underlying)
    125,000

  • 01/29/02 Grant of Options (46,666 options outstanding)

    Exercise: $7.16Exp: 2010-01-26→ Common Shares (46,666 underlying)
    46,666

  • 02/28/02 Grant of Options (500,000 options outstanding)

    Exercise: $5.15From: 2006-02-28Exp: 2008-02-28→ Common Shares (500,000 underlying)
    500,000

  • 01/30/97 Grant of Options (13,336 options outstanding)

    Exercise: $8.85Exp: 2007-01-29→ Common Shares (13,336 underlying)
    13,336

  • 01/29/02 Grant of Options (33,333 options outstanding)

    Exercise: $7.16Exp: 2010-06-08→ Common Shares (33,333 underlying)
    33,333

  • 01/29/02 Grant of Options (56,250 options outstanding)

    Exercise: $7.16Exp: 2011-06-18→ Common Shares (56,250 underlying)
    56,250

  • 01/25/96 Grant of Options (80,000 options outstanding)

    Exercise: $5.62Exp: 2006-01-24→ Common Shares (80,000 underlying)
    80,000
Footnotes (10)
  • [F1]Common shares of Nortel Networks Corporation ("NNC") delivered to the participant pursuant to Nortel Networks Limited Restricted Stock Unit Plan as amended (the "RSU Plan") in settlement of restricted stock units. Each restricted stock unit entitled the holder to receive one NNC common share. The cash equivalent of 127,100 common shares of NNC valued at $2.92 U.S. per share was withheld by Nortel Networks Limited to meet certain tax withholding obligations.
  • [F10]The reported options are currently vested as to 41,666 NNC common shares and will vest as to 41,667 NNC common shares on February 28, 2004 and on February 28, 2005.
  • [F2]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").
  • [F3]These initial options were granted pursuant to the Key Contributor Program under the 1986 Stock Option Plan. Under the terms of Key Contributor Program, a Participant is granted concurrently an equal number of initial options and replacement options.
  • [F4]These replacement options were granted pursuant to the Key Contributor Program under the 1986 Stock Option Plan. Under the terms of Key Contributor Program, a Participant is granted concurrently an equal number of initial options and replacement options. The replacement options expire ten years from the date of grant and have an exercise price equal to the market value (as defined in the 1986 Stock Option Plan) of common shares on the date the initial options are fully exercised, provided that in no event will the exercise price be less than the market value (as defined in the 1986 Stock Option Plan) on the date of grant. Subject to certain holding requirements with respect to shares received from the exercise of the initial options, the replacement options are generally exercisable commencing 36 months from the date all of the initial options are fully exercised.
  • [F5]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
  • [F6]The reported options were granted pursuant to the 1986 Stock Option Plan. The options will vest four years from the date of grant or earlier if certain predetermined performance criteria are met, and in such event, no more than one third of such options shall vest prior to October 31, 2002 and the remaining two-thirds of the options shall not vest prior to October 31, 2003.
  • [F7]The reported options are currently vested.
  • [F8]The reported options are currently vested as to 22,222 NNC common shares and will vest as to the remaining 11,111 NNC common shares on January 25, 2004.
  • [F9]The reported options are currently vested as to 37,500 NNC common shares and will vest as to the remaining 18,750 NNC common shares on June 19, 2004.

Documents

1 file

Issuer

NORTEL NETWORKS CORP

CIK 0000072911

→
Entity typeoperating

Related Parties

1
  • filerCIK 0000072911

Filing Metadata

Form type
4
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 7:43 PM ET
Size
22.6 KB
View on SEC.gov