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4//SEC Filing

NORTEL NETWORKS CORP 4

Accession 0001005477-03-002631

CIK 0000072911operating
View on SEC.govCompany Profile

Filed

Jul 29, 8:00 PM ET

Accepted

Jul 30, 7:50 PM ET

Size

29.8 KB

Accession

0001005477-03-002631

Insider Transaction Report

Form 4
Period: 2003-07-28
NORTEL NETWORKS CORPNT
SCHILLING STEVEN LEO
President, Enterprise Accounts
Transactions
  • Award

    Common Shares

    2003-07-28+41,475→ 132,149 total
  • Disposition to Issuer

    Common Shares

    2003-07-29$3.01/sh−75,000$225,750→ 132,149 total
  • Exercise/Conversion

    Restricted Stock Units

    2003-07-29−75,000→ 0 total
    From: 2003-07-29→ Common Shares (75,000 underlying)
  • Award

    Common Shares

    2003-07-28+75,000→ 132,149 total
  • Award

    Restricted Stock Units

    2003-07-28+75,000→ 0 total
    From: 2003-07-29→ Common Shares (75,000 underlying)
  • Tax Payment

    Common Shares

    2003-07-29$2.92/sh−33,525$97,893
Holdings

  • 02/28/02 Grant of Options (350,000 options outstanding)

    Exercise: $5.15Exp: 2012-02-27→ Common Shares (350,000 underlying)
    350,000

  • 01/24/95 Grant of Options (120,000 options outstanding)

    Exercise: $50.08Exp: 2005-01-23→ Common Shares (120,000 underlying)
    120,000

  • 06/09/00 Grant of Options (50,000 options outstanding)

    Exercise: $59.41Exp: 2010-06-08→ Common Shares (50,000 underlying)
    50,000

  • Common Shares

    (indirect: By Spouse)
    8,250

  • 01/28/99 Grant of Options (93,334 options outstanding)

    Exercise: $15.53Exp: 2009-01-27→ Common Shares (93,334 underlying)
    93,334

  • 01/29/98 Grant of Options (24,000 options outstanding)

    Exercise: $11.29Exp: 2008-01-28→ Common Shares (24,000 underlying)
    24,000

  • Investment Fund Units

    → Common Shares (146,602.23 underlying)
    492,220.95

  • 01/27/00 Grant of Options (84,000 options outstanding)

    Exercise: $49.61Exp: 2010-01-26→ Common Shares (84,000 underlying)
    84,000

  • 01/25/01 Grant of Options (75,000 options outstanding)

    Exercise: $38.26Exp: 2011-01-24→ Common Shares (75,000 underlying)
    75,000

  • 07/23/98 Grant of Options (60,000 options outstanding)

    Exercise: $14.54Exp: 2008-07-22→ Common Shares (60,000 underlying)
    60,000

  • 07/29/99 Grant of Options (60,000 options outstanding)

    Exercise: $21.94Exp: 2009-07-28→ Common Shares (60,000 underlying)
    60,000
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 33,525 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]Represents restricted stock units granted under the RSU Plan and settled for cash at a value of $3.01 U.S. per share, the average closing price of NNC common shares over a 20 trading day period in accordance with the RSU Plan.
  • [F2]These shares are held by a member of Mr. Schilling's immediate family residing in his household. Mr. Schilling claims beneficial ownership of these shares.
  • [F3]492,220.95 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 July 25, 2003. The Stock Fund invests primarily in NNC common shares. As at July 25, 2003, the participant's company stock fund units represent approximately 146,602.23 common shares of NNC. 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.
  • [F4]The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan").
  • [F5]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.
  • [F6]The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan.
  • [F7]The reported options are currently vested.
  • [F8]The reported options are currently vested as to 50,000 NNC common shares and will vest as to the remaining 25,000 NNC common shares on January 25, 2004.
  • [F9]The reported options are currently vested as to 116,666 NNC common shares and will vest as to 116,667 NNC common shares on February 28, 2004 and on February 28, 2005.

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, 7:50 PM ET
Size
29.8 KB
View on SEC.gov