Walpole Thomas 4
4 · Novelis Inc. · Filed Jun 22, 2006
Insider Transaction Report
Form 4
Novelis Inc.NVL
Walpole Thomas
VP Global Can
Transactions
- Award
Phantom Units
2006-06-20$20.66/sh+9.819$203→ 2,263.836 total→ Common Stock (9.819 underlying)
Footnotes (4)
- [F1]The phantom units were awarded under the Alcan, Inc. Total Shareholder Return Performance Plan ("TSR Plan"), prior to the issuer's separation from Alcan, Inc., and the obligations were assumed by the issuer. Each phantom unit is equivalent to one Novelis common share.
- [F2]Dividend received on phantom units in accordance with the TSR Plan.
- [F3]Phantom units will be paid only in cash on October 1, 2006 at a value per unit equal to the closing price of Novelis common shares as determined in compliance with the terms of the TSR Plan.
- [F4]Closing price of Novelis common shares on the New York Stock Exchange on date dividend paid.