Nokia 2006 Annual Report Download - page 109

Stock Option Exercises and Settlement of Shares
The following table provides certain information relating to stock option exercises and share
deliveries upon settlement during the year 2006 for our Group Executive Board members.
Stock Option Performance Shares Restricted Shares
Awards(1) Awards(2) Awards(3)
Shares Value Shares Value Shares Value
Acquired Realized Delivered Realized Delivered Realized
Name Year (Number) (EUR) (Number) (EUR) (Number) (EUR)
OlliPekka Kallasvuo ****** 2006 0 0 15 000 275 700 0 0
Robert Andersson ******** 2006 0 0 2 600 47 788 0 0
Simon BeresfordWylie**** 2006 14 000 11 480 2 500 45 950 22 000 343 200
Mary McDowell*********** 2006 0 0 12 500 229 750 0 0
Hallstein Moerk ********** 2006 13 125 87 544 7 500 137 850 26 000 405 600
Kai ¨ Oist¨am¨o ************* 2006 16 076 55 954 2 500 45 950 8 750 136 500
Tero Ojanper¨a *********** 2006 0 0 2 500 45 950 0 0
Niklas Savander********** 2006 0 0 2 560 47 053 9 750 152 100
Richard Simonson ******** 2006 0 0 12 500 229 750 33 250 518 700
Veli Sundb¨ack *********** 2006 0 0 7 500 137 850 0 0
Anssi Vanjoki ************ 2006 157 500 303 588 15 000 275 700 0 0
(1) Value realized on exercise is based on the total gross value received in 2006 in respect of stock
options sold on the Helsinki Stock Exchange (transferable stock options) and on the difference
between the Nokia share price and exercise price of options (nontransferable stock options).
(2) Represents interim payout at threshold for the 2004 performance share grant. Value is based on
the market price of the Nokia share on the Helsinki Stock Exchange as of April 24, 2006 of
EUR 18.38.
(3) Delivery of Nokia shares vested from the 2003 grant. Value is based on the market price of the
Nokia share on the Helsinki Stock Exchange as of October 23, 2006 of EUR 15.60.
(4) Jorma Ollila resigned as CEO and Chairman of the Group Executive Board effective June 1, 2006,
and ceased employment with Nokia on that date. Mr. Korhonen resigned as member of the Group
Executive Board effective April 1, 2006 and ceased employment with Nokia on May 31, 2006. The
information relating to stock option exercises and settlement of shares regarding Mr. Ollila and
Mr. Korhonen as at the date of resignation from the Group Executive Board is represented in the
table below.
Stock Option Performance Shares Restricted Shares
Awards(1) Awards(2) Awards
Shares Value Shares Value Shares Value
Acquired Realized Delivered Realized Delivered Realized
Name Year (Number) (EUR) (Number) (EUR) (Number) (EUR)
Jorma Ollila
(as per May 31, 2006) ** 2006 500 000 19 958 100 000 1 838 000 0 0
Pertti Korhonen
(as per March 31, 2006) 2006 0 0 12 500 229 750 0 0
Stock Ownership Guidelines for Executive Management
One of the goals of our longterm equitybased incentive program is to focus executives on building
value for shareholders. In addition to granting them stock options, performance shares and restricted
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