X0202 4 2007-06-15 0 0000072911 NORTEL NETWORKS CORP NT 0001234081 JOANNOU DION CONSTANDINO C/O NORTEL NETWORKS CORPORATION 195 THE WEST MALL TORONTO, ONTARIO M9C 5K1 0 1 0 0 President, North America Common Shares 4628 D Common Shares 2007-06-15 4 S 0 1539 25.5 D 15961 D Common Shares 26247 D Common Shares 25000 D 03/21/2007 Grant of Options 25.82 2017-03-20 Common Shares 50000 50000 D 06/14/2006 Grant of Options 21.2 2016-06-13 Common Shares 25000 25000 D Investment Fund Units Common Shares 2434.0502 82622.63 D 01/29/98 Grant of Options 112.9 2008-01-28 Common Shares 133 133 D 10/29/98 Grant of Options 101.48 2008-10-28 Common Shares 1066 1066 D 01/28/99 Grant of Options 155.33 2009-01-27 Common Shares 1333 1333 D 01/29/02 Grant of Options 71.6 2010-01-26 Common Shares 1333 1333 D 01/29/02 Grant of Options 71.6 2010-11-28 Common Shares 333 333 D 01/29/02 Grant of Options 71.6 2011-01-24 Common Shares 800 800 D 02/28/02 Grant of Options 51.5 2012-02-27 Common Shares 9000 9000 D 11/22/2005 Grant of Options 30.7 2015-11-21 Common Shares 75000 75000 D Mandatory and automatic open market sale of common shares to pay applicable withholding taxes upon the vesting of restricted stock units. Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 17,500 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. Restricted stock units awarded pursuant to the Nortel 2005 Stock Incentive Plan as part of a grant of 30,000 restricted stock units that vest in three equal annual installments beginning on November 22, 2006 and are settled in Nortel Networks Corporation common shares upon vesting. 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. The reported options were granted pursuant to the Nortel 2005 Stock Incentive Plan. The reported options vest in four equal annual installments beginning on the first anniversary of the date of grant. 82,622.63 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 "U.S. Stock Fund") pursuant to the Nortel Networks Long-Term Investment Plan (the "U.S. Investment Plan") as of June 15, 2007. The Stock Fund invests primarily in NNC common shares. As of June 15, 2007, the participant's company stock fund units represents approximately 2,434.0502 common shares of NNC. The U.S. Investment Plan is administered as a unitized fund by Hewitt Associates Inc. and the number of shares represented by each unit fluctuates on a daily basis. The reported options were granted pursuant to the Nortel Networks Corporation 1986 Stock Option Plan As Amended and Restated (the "1986 Stock Option Plan"). The reported options are currently vested. The reported options were granted pursuant to the Nortel Networks Corporation 2000 Stock Option Plan. D.M. Parker, Attorney for Dion Constandino Joannou 2007-06-18