FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/10/2007 |
3. Issuer Name and Ticker or Trading Symbol
NORTEL NETWORKS CORP [ NT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 173 | D | |
Common Stock | 667(1) | D | |
Common Stock | 1,100(2) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Investment Fund Units(3) | (3) | (3) | Common Shares | 221.424 | (3) | D | |
1/29/98 Grant of Options(4) | (5) | 01/28/2008 | Common Shares | 480 | $112.9 | D | |
1/29/02 Grant of Options(4) | (5) | 11/29/2009 | Common Shares | 100 | $71.6 | D | |
1/29/02 Grant of Options(4) | (5) | 12/15/2009 | Common Shares | 166 | $71.6 | D | |
1/29/02 Grant of Options(4) | (5) | 03/27/2010 | Common Shares | 200 | $71.6 | D | |
1/29/02 Grant of Options(4) | (5) | 07/26/2010 | Common Shares | 66 | $71.6 | D | |
3/11/02 Grant of Options(4) | (5) | 03/10/2012 | Common Shares | 400 | $59.6 | D | |
2/7/03 Grant of Options(4) | (5) | 02/06/2013 | Common Shares | 1,000 | $23.5 | D | |
2/5/04 Grant of Options(4) | (6) | 02/04/2014 | Common Shares | 500 | $76.6 | D | |
9/7/05 Grant of Options(4) | (6) | 09/06/2015 | Common Shares | 2,500 | $31.86(7) | D | |
6/14/06 Grant of Options(8) | (6) | 06/13/2016 | Common Shares | 2,000 | $21.22(9) | D | |
3/21/07 Grant of Options(8) | (6) | 03/20/2017 | Common Shares | 2,200 | $25.82(10) | D |
Explanation of Responses: |
1. Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 1,000 restricted stock units that vest in three equal annual installments beginning on June 14, 2007 and are settled in Nortel Networks Corporation common shares upon vesting. |
2. Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan that vest in three equal annual installments beginning on March 21, 2008 and are settled in Nortel Networks Corporation common shares upon vesting, net of tax withholding. |
3. 7,480.8805 company stock fund units are held in the participant's account as a result of the participant's contributions, vested company contributions and/or investment earnings thereon invested in the company stock fund (the "Stock Fund") pursuant to the Nortel Networks Long-Term Investment Plan (the "U.S. Investment Plan"), as of August 10, 2007. The Stock Fund invests primarily in common shares of Nortel Networks Corporation ("NNC"). As of August 10, 2007, the participant's company stock fund units represent approximately 221.424 NNC common shares. The U.S. Investment Plan is administered as a unitized fund by Hewitt Associates LLC and the number of shares represented by each unit fluctuates on a daily basis. |
4. The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated. |
5. The reported options are currently vested. |
6. The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant. |
7. Represents the exercise price of $37.8 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant. |
8. The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan. |
9. Represents the exercise price of $23.6 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant. |
10. Represents the exercise price of $29.9 Cdn. as converted into U.S. dollars using the noon rate of exchange of the Bank of Canada on the date of grant. |
T.S.J. Connelly McGilley, Attorney for Michael McCorkle | 08/13/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |