Verified answer

You won't be able to get much compression here.  Two options are:

i)  Split the file into appropriate sized pieces.  An excellent, free, small and easy splitter is HJSplit -- http://www.freebyte.com/hjsplit/

ii)  Use one of the upload sites, where you upload a file and send the recipient the url to download it.  I use http://drop.io/ for this.  You can password your account so the file is secure.

Compress Mp4 Files

You can download super converter and convert it to an ipod or wmv file, or you can split it into a zip file using 7 zip or win rar.

Use winzip. 8.1 works fine.

http://www.oldversion.com/WinZip.html

download 7zip