Rupprecht Rudolf W 4
4 · Novelis Inc. · Filed Jun 30, 2006
Insider Transaction Report
Form 4
Novelis Inc.NVL
Rupprecht Rudolf W
Director
Transactions
- Award
Phantom Units
2006-06-30$21.22/sh+913.045$19,375→ 5,404.012 total→ Common Stock (913.045 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.