4//SEC Filing
Bennett Jalynn Hamilton 4
Accession 0001181431-09-018089
CIK 0000072911other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 3:37 PM ET
Size
10.4 KB
Accession
0001181431-09-018089
Insider Transaction Report
Form 4
Bennett Jalynn Hamilton
Director
Transactions
- Award
Share Units
2009-03-31$0.24/sh+948.033$228→ 8,326.231 total→ Common Shares (948.033 underlying) - Award
Share Units
2009-03-31$0.24/sh+29,390$7,054→ 252,775.456 total→ Common Shares (29,390 underlying)
Footnotes (4)
- [F1]Share units issued on the last day of the quarter under the Nortel Networks Corporation Directors' Deferred Share Compensation Plan (the "NNCDDSCP"). Pursuant to the NNCDDSCP, certain fees payable to Nortel Networks Corporation ("NNC") directors are paid in the form of NNC share units, based upon the market price of NNC common shares on the last trading day of the quarter in accordance with the NNCDDSCP. On the earliest date when a director ceases to be both (i) a member of the board of directors of NNC and (ii) employed by NNC or its subsidiaries, NNC will cause to be purchased on the open market, for delivery to the director, a number of NNC common shares equal to the number of NNC share units credited to the director's account under the NNCDDSCP.
- [F2]Represents the price of the share unit of $0.3 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the last trading day of the quarter in accordance with the NNCDDSCP and NNLDDSCP.
- [F3]Share units issued on the last day of the quarter under the Nortel Networks Limited Directors' Deferred Share Compensation Plan (the "NNLDDSCP"). Pursuant to the NNLDDSCP, certain fees payable to Nortel Networks Limited ("NNL")directors are paid in the form of NNL share units, based upon the market price of NNC common shares on the last trading day of the quarter in accordance with the NNLDDSCP. On the earliest date when a director ceases to be both (i) a member of the board of directors of NNL and (ii) employed by NNL or its subsidiaries, NNL will cause to be purchased on the open market, for delivery to the director, a number of NNC common shares equal to the number of NNL share units credited to the director's account under the NNLDDSCP.
- [F4]On January 14, 2009 the Canadian court in the creditor protection proceedings granted an order that Nortel?s directors are entitled to receive remuneration in cash on a current basis at current compensation levels less an overall US$25,000 reduction notwithstanding the terms of, or elections made, under the Nortel Networks Corporation Directors Deferred Share Compensation Plan and the Nortel Networks Limited Directors Deferred Share Compensation Plan. For the period January 1, 2009 to January 13, 2009, the Nortel Networks Corporation and Nortel Networks Limited directors? fees have been prorated based on the prior fee schedule and elections.
Documents
Issuer
NORTEL NETWORKS CORP
CIK 0000072911
Entity typeother
Related Parties
1- filerCIK 0001332569
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 3:37 PM ET
- Size
- 10.4 KB