U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Nortel Networks Corporation
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(Last) (First) (Middle)
8200 Dixie Road, Suite 100
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(Street)
Brampton Ontario, Canada L6T 5P6
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
July 28, 2000
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3. IRS Identification Number of Reporting Person (Voluntary)
62-12-62580
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4. Issuer Name and Ticker or Trading Symbol
Alteon WebSystems, Inc. (ATON)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[_] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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<TABLE>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 4)
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<S> <C> <C> <C>
Common Stock, par value $0.001 8,952,759 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
None
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</TABLE>
Explanation of Responses:
(1) 8,952,759 shares of Alteon Common stock, par value $0.001 ("Alteon Common
Stock"), are being reported pursuant to this Form 3. Nortel Networks
Corporation ("Nortel Networks") is filing this form as a 10% Owner solely
as a result of its shared voting and dispositive power over 8,952,759
shares of Alteon Common Stock pursuant to Stockholder Agreements dated as
of July 28, 2000 among certain stockholders (the "Stockholder Parties") of
Alteon WebSystems, Inc. ("Alteon") and Nortel Networks (the "Stockholder
Agreements"). Pursuant to the Stockholder Agreements, the Stockholder
Parties have agreed to vote the 8,952,759 shares of Alteon Common Stock
over which they have voting power in favor of the adoption of the merger
agreement among Nortel Networks, a wholly-owned subsidiary of Nortel
Networks and Alteon and the merger contemplated therein and have granted
Nortel Networks an irrevocable proxy with respect to such shares.
/s/ Frank A. Dunn August 7, 2000
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**Signature of Reporting Person Date
Name: Frank A. Dunn
Title: Chief Financial Officer
/s/ Blair F. Morrison August 7, 2000
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**Signature of Reporting Person Date
Name: Blair F. Morrison
Title: Assistant Secretary
** 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 provided is insufficient, see Instruction 6 for procedure.
