Chandran Clarence J 4
4 · Novelis Inc. · Filed Jun 22, 2006
Insider Transaction Report
Form 4
Novelis Inc.NVL
Chandran Clarence J
Director
Transactions
- Award
Phantom Units
2006-06-20$20.80/sh+29.412$612→ 8,692.193 total→ Common Stock (29.412 underlying)
Footnotes (4)
- [F1]Each phantom unit issuable under the issuer's Directors' Deferred Share Unit Plan for Non-Executive Directors ("DSU Plan") is the economic equivalent of one common share of the issuer.
- [F2]Dividend received on phantom units in accordance with the DSU Plan.
- [F3]The phantom units become payable, in cash or common shares or a combination thereof, at the election of the reporting person, upon the reporting person's termination of service as a director. Such payment will be made in compliance with the terms of the DSU Plan.
- [F4]The price is the average share price on the date the dividend is paid as defined by the plan.