Newall J E 4/A

4/A · Novelis Inc. · Filed Jul 12, 2006

Form 4/AAmended

Period: 2006-06-30

Director

Transactions

Award
Phantom Units
2006-06-30$21.22/sh+2,591.87$55,000→ 22,873.458 total
→ Common Stock (2,591.87 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]We report the payment of phantom units quarterly. There was an incorrect calculation with respect to the second quarter reporting for J.E. Newall. Mr. Newall stepped down as Chairman on May 1, 2006, and accordingly, his annual director compensation decreased to $155,000, payable in phantom units. However, even though he was to be paid a lesser amount of phantom units beginning on May 1, the previously filed Form 4 did not report this change. Rather, it stated that he received his previous compensation for the entire second quarter.
[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 phantom units are paid as defined by the plan.

Documents

2 files