4/A//SEC Filing
Newall J E 4/A
Accession 0001209191-06-041048
CIK 0001304280other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 6:36 PM ET
Size
8.2 KB
Accession
0001209191-06-041048
Insider Transaction Report
Form 4/AAmended
Novelis Inc.NVL
Newall J E
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
Issuer
Novelis Inc.
CIK 0001304280
Entity typeother
Related Parties
1- filerCIK 0001354416
Filing Metadata
- Form type
- 4/A
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 6:36 PM ET
- Size
- 8.2 KB